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Summit Midstream Partners Q4 Earnings Outlook

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Summit Midstream Partners (NYSE: SMLP) unveils its next round of earnings Thursday. Get prepared with Benzinga's ultimate preview for Summit Midstream Partners' Q4 earnings.

Earnings and Revenue

Summit Midstream Partners EPS will likely be near 27 cents per share while revenue will be around $107.08 million, according to analysts.

In the same quarter last year, Summit Midstream Partners reported EPS of 16 cents per share on revenue of $127 million. The Wall Street consensus estimate for earnings would represent a 68.75 percent increase for the company. Revenue would have fallen 15.74 percent from the same quarter last year.

Summit Midstream Partners's reported EPS has stacked up against analyst estimates in the past like this:

 

Quarter Q3 2017 Q2 2017 Q1 2017 Q4 2016
EPS Estimate 0.1 -0.02 0.1 0.14
EPS Actual 0.26 0.12 -0.04 0.16

 

Stock Performance

Over the past 52-week period, shares of Summit Midstream Partners have declined 14.25 percent.

Analyst estimates have adjusted higher for EPS and revenues over the past 90 days. The average rating by analysts on Summit Midstream Partners stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.

Posted-In: Earnings News Previews Trading Ideas

 

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