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It's Showtime for Enterprise Products Partners

By Seth Jayson - Updated Apr 7, 2017 at 12:29PM

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Checking expectations

Enterprise Products Partners (NYSE: EPD) is expected to report Q3 earnings around Oct. 11. 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 Enterprise Products Partners's revenues will shrink -1.0% and EPS will expand 9.1%.

The average estimate for revenue is $11.22 billion. On the bottom line, the average EPS estimate is $0.60.

Revenue details
Last quarter, Enterprise Products Partners recorded revenue of $9.79 billion. GAAP reported sales were 13% lower than the prior-year quarter's $11.22 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, EPS came in at $0.64. GAAP EPS of $0.64 for Q2 were 25% higher than the prior-year quarter's $0.51 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 8.1%, 200 basis points better than the prior-year quarter. Operating margin was 7.6%, 200 basis points better than the prior-year quarter. Net margin was 5.8%, 190 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $44.43 billion. The average EPS estimate is $2.53.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,256 members out of 1,280 rating the stock outperform, and 24 members rating it underperform. Among 366 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 362 give Enterprise Products Partners a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Enterprise Products Partners is buy, with an average price target of $56.66.

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