Enbridge Energy Partners (NYS: EEP) is expected to report Q2 earnings on July 31. 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 Enbridge Energy Partners' revenue will decrease 25.3% and EPS will wither 9.4%.
The average estimate for revenue is $1.77 billion. On the bottom line, the average EPS estimate is $0.29.
Last quarter, Enbridge Energy Partners chalked up revenue of $1.82 billion. GAAP reported sales were 21% lower than the prior-year quarter's $2.29 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 $0.28. GAAP EPS of $0.25 for Q1 were 34% lower than the prior-year quarter's $0.38 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 26.5%, 800 basis points better than the prior-year quarter. Operating margin was 10.9%, 340 basis points better than the prior-year quarter. Net margin was 5.4%, 30 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $7.60 billion. The average EPS estimate is $1.08.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Enbridge Energy Partners is outperform, with an average price target of $34.23.
How did Enbridge Energy Partners treat you during the oil spike in 2008 and the subsequent bust? More importantly, what are you doing to prepare for the next spike that some experts believe may be just around the corner? Prepare yourself with a well-positioned energy stock we profile in "The Only Energy Stock You'll Ever Need." Click here for instant access to this free report.
Add Enbridge Energy Partners to My Watchlist.
The article Are You Expecting This From Enbridge Energy Partners? 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 ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. 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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.