Energy Transfer LP Stock Alert: Analysts Hike Earnings Forecasts by 4% in Just 30 Days

Energy Transfer LP Sees Near-Term Price Movement, Based On Earnings Estimates

Investors have been pouring over the recent stock performance of Energy Transfer LP (ET), one of the most searched-for stocks on Zacks.com. To better understand the company’s potential for near-term price movement, it’s essential to examine several key factors that can influence a stock’s future performance.

Shares of Energy Transfer LP, an energy-related services provider, have returned 2.3% over the past month when compared to the broader Zacks S&P 500 composite’s 8.2% change. The company belongs to the oil and gas production pipeline industry group, which has gained 0.6% over this period.

One crucial aspect of determining a stock’s future performance is analyzing changes in earnings estimates by sell-side analysts. At Zacks, we have extensively studied the direct correlation between trends in earnings estimate revisions and near-term price movements. Revisions to earnings estimates directly impact the fair value for a company’s stock.

In the case of Energy Transfer LP, the average earnings estimate for the current quarter is $0.32 per share, representing an 8.6% year-over-year decline. Over the last 30 days, the Zacks Consensus Estimate has been boosted by 4.1%, indicating potential future growth prospects for the company.

For the current fiscal year, the consensus earnings estimate of $1.44 indicates a 12.5% year-over-year increase from what Energy Transfer LP reported in the previous year’s earnings. This estimate has changed by +2.6% over the last 30 days. For the next fiscal year, the consensus earnings estimate of $1.47 shows a slight change of +1.9% from the expected level for this period.

Our proprietary stock rating tool, the Zacks Rank, is based on the size of the recent change in the consensus estimate and other factors related to earnings estimates. This ranking system can serve as an effective indicator of a company’s near-term price performance.

The Evolution of Energy Transfer LP’s Forward 12-Month Consensus EPS Estimate

Below is the graphical representation of the evolution of the forward 12-month consensus EPS estimate for Energy Transfer LP over time:

1. Current Quarter:

   • Estimated earnings per share: $0.32
   • Year-over-year change: -8.6%

2. Last 30 Days:

   • Change in consensus earnings estimate: +4.1%

3. Current Fiscal Year:

   • Consensus earnings estimate: $1.44
   • Year-over-year change: +12.5%
   • Last 30-day change: +2.6%

4. Next Fiscal Year:

   • Consensus earnings estimate: $1.47
   • Change from previous earnings per share expectation: +1.9%