Are You Expecting This from Plains All American Pipeline?
Plains All American Pipeline (NYS: PAA) is expected to report Q2 earnings on Aug. 5. 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 Plains All American Pipeline's revenues will wither -0.2% and EPS will decrease -25.6%.
The average estimate for revenue is $9.77 billion. On the bottom line, the average EPS estimate is $0.61.
Last quarter, Plains All American Pipeline logged revenue of $10.62 billion. GAAP reported sales were 15% higher than the prior-year quarter's $9.22 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
Last quarter, non-GAAP EPS came in at $1.26. GAAP EPS of $1.27 for Q1 were 149% higher than the prior-year quarter's $0.51 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the preceding quarter, gross margin was 7.9%, 280 basis points better than the prior-year quarter. Operating margin was 6.2%, 280 basis points better than the prior-year quarter. Net margin was 5.0%, 250 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $39.98 billion. The average EPS estimate is $3.09.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Plains All American Pipeline is outperform, with an average price target of $55.66.
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The article Are You Expecting This from Plains All American Pipeline? originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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