Enterprise Products Partners L.P. Fourth Quarter Earnings Sneak Peek

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Enterprise Products Partners L.P. (NYSE:EPD) will unveil its latest earnings on Wednesday, February 1, 2012. Enterprise Products Partners is a North American midstream energy company providing a range of services to producers and consumers of natural gas, natural gas liquids (NYSE:NGLS), crude oil, and certain petrochemicals.

Enterprise Products Partners L.P. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 56 cents per share, a rise of 21.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 52 cents. Between one and three months ago, the average estimate moved up. It has risen from 55 cents during the last month. Analysts are projecting profit to rise by 51.8% versus last year to $2.11.

Past Earnings Performance: Last quarter, the company beat estimates by 5 cents, coming in at profit of 55 cents a share versus the estimate of net income of 50 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 10.9% in revenue from the year-earlier quarter to $10.62 billion.

Analyst Ratings: Analysts are bullish on this stock with 14 analysts rating it as a buy, none rating it as a sell and two rating it as a hold.

A Look Back: In the third quarter, profit rose 26.8% to $471.4 million (55 cents a share) from $371.9 million (47 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 40.4% to $11.33 billion from $8.07 billion.

Key Stats:

Revenue has gone up for three straight quarters. It rose 48.7% in the second quarter from the year earlier and 19.2% in the first quarter.

Competitors to Watch: Duncan Energy Partners L.P. (NYSE:DEP), Enterprise GP Hldgs. L.P. (EPE), Kinder Morgan Inc (NYSE:KMI), Kinder Morgan Energy Partners LP (NYSE:KMP), El Paso Corporation (NYSE:EP), Copano Energy, L.L.C. (NASDAQ:CPNO), Southern Union Company (NYSE:SUG), Energy Transfer Partners, L.P. (NYSE:ETP), Blue Dolphin Energy Co. (NASDAQ:BDCO), and DCP Midstream Partners, LP (NYSE:DPM).

Stock Price Performance: During October 28, 2011 to January 26, 2012, the stock price had risen $4.73 (10.5%) from $44.90 to $49.63. The stock price saw one of its best stretches over the last year between October 17, 2011 and October 27, 2011 when shares rose for nine-straight days, rising 6.5% (+$2.75) over that span. It saw one of its worst periods between March 3, 2011 and March 11, 2011 when shares fell for seven-straight days, falling 5.2% (-$2.16) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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