Energy Transfer Equity (NYSE: ETE ) is expected to report Q2 earnings around July 26. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Energy Transfer Equity's revenues will increase 474.1% and EPS will grow 158.3%.
The average estimate for revenue is $11.35 billion. On the bottom line, the average EPS estimate is $0.62.
Last quarter, Energy Transfer Equity logged revenue of $11.18 billion. GAAP reported sales were much higher than the prior-year quarter's $1.67 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.24. GAAP EPS of $0.32 for Q1 were 56% lower than the prior-year quarter's $0.73 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 9.4%, much worse than the prior-year quarter. Operating margin was 4.7%, 630 basis points worse than the prior-year quarter. Net margin was 0.8%, 910 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $44.46 billion. The average EPS estimate is $2.31.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 221 members out of 235 rating the stock outperform, and 14 members rating it underperform. Among 82 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 79 give Energy Transfer Equity a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Energy Transfer Equity is outperform, with an average price target of $61.33.
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