For the current quarter, the 11.00 analysts offering adjusted EPS forecast have a consensus estimate of $0.15 a share, which would compare with $0.42 in the same quarter last year. They have a high estimate of $0.31 and a low estimate of $-0.02. Revenue for the period is expected to total nearly $2.00B from $3.20B the year-ago period.
For the full year, 5.00 Wall Street analysts forecast this company would deliver earnings of 0.95 per share, with a high estimate of $1.34 and a low estimate of $0.42. It had reported earnings per share of $1.06 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $8.84B versus 10.49B in the preceding year.
The analysts project the company to maintain annual growth of around 64.73% percent over the next five years as compared to an average growth rate of 8.97% percent expected for its competitors in the same industry.
Among the 17 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for SXL is $32.88 but some analysts are projecting the price to go as high as $44.00. If the optimistic analysts are correct, that represents a 52 percent upside potential from the recent closing price of $29.03. Some sell-side analysts, particularly the bearish ones, have called for $21.00 price targets on shares of Sunoco Logistics Partners L.P. (NYSE:SXL).
In the last reported results, the company reported earnings of $0.42 per share, while analysts were calling for share earnings of $0.40. It was an earnings surprise of 5.00%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
Sunoco Logistics Partners L.P. transports, terminals, and stores crude oil, refined products, and natural gas liquids (NGLs). Its Crude Oil segment provides transportation, terminalling, and acquisition and marketing services to crude oil markets in the southwest, Midwest, and northeastern United States. It contains approximately 5,900 miles of crude oil trunk and gathering pipelines; and has interests in 3 crude oil pipelines. The segment also operates with an aggregate storage capacity of approximately 28 million barrels, including approximately 24 million barrels in Nederland, Texas; and approximately 3 million barrels in Pennsylvania. The Natural Gas Liquids segment offers transportation, storing, and acquisition and marketing activities that include pipelines, storage and blending facilities, and strategic off-take locations that provide access to multiple NGLs markets. It contains approximately 900 miles of NGLs pipelines located in the northeast and southwest United States. The segment operates with storage capacity of approximately 5 million barrels, including approximately 1 million barrels in Texas; and 3 million barrels in Pennsylvania. It also engages in blending activities. The Refined Products segment provides transportation and terminalling services in the northeast, Midwest, and southeast United States. It operates approximately 1,800 miles of refined products pipelines; 40 active refined products marketing terminals; and storage capacity of approximately 8 million barrels. Sunoco Partners LLC serves as the general partner of the company. The company was founded in 2001 and is based in Newtown Square, Pennsylvania.
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