Buckeye Partners Earnings: What Investors Should Watch
Buckeye Partners Lp (NYSE:BPL) will report earnings before markets open on Friday, May 3rd. Buckeye Partners, L.P. is an independent pipeline common carrier of refined petroleum products. The Company receives petroleum products from refineries, connecting pipelines, and marine terminals and transports those products to other locations.
Here is your Cheat Sheet to Buckeye Partners Lp Earnings:
Earnings Expectations: Analysts expect earnings of $0.71 per share on revenues of $1.29 billion. Currently, the company’s P/E ratio stands at 26.50.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.78 to a profit $0.7. For the current year, the average estimate is a profit of $3.19, which is worse than the estimate ninety days ago.
Here’s how Buckeye Partners Lp has been performing on an annual basis:
|Revenue ($) in millions||1,897||1,770||3,151||4,760||4,357|
|Diluted EPS ($)||3.00||2.49||0.0165||0.012||0.0232|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||1,313||1,259||982.64||965.97||1,149|
|Diluted EPS ($)||0.6377||0.54||0.55||0.87||0.3549|
Buckeye Partners Lp has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)