EnLink Midstream ENLC releases its next round of earnings this Tuesday, August 04. Get the latest predictions in Benzinga's essential guide to the company's Q2 earnings report.
Earnings and Revenue
Analysts predict EnLink Midstream will report earnings of $0.01 per share on revenue of $1.25 billion. In the same quarter last year, EnLink Midstream reported EPS of $0.070 on revenue of $1.71 billion. If the company were to report in-line earnings when it publishes results Tuesday, quarterly profit would be down 85.71%. Revenue would be down 24.7% from the year-ago period. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:
|Quarter||Q1 2020||Q4 2020||Q3 2019||Q2 2019|
|Revenue Estimate||1.66 B||1.65 B||1.77 B||1.90 B|
|Revenue Actual||1.16 B||1.16 B||1.41 B||1.71 B|
Shares of EnLink Midstream were trading at $2.45 as of August 04. Over the last 52-week period, shares are down 72.01%. Given that these returns are generally negative, long-term shareholders are probably unhappy going into this earnings release.
Don't be surprised to see the stock move on comments made during its conference call. EnLink Midstream is scheduled to hold the call at 09:00:00 ET and can be accessed here: https://dpregister.com/DiamondPassRegistration/register?linkSecurityString=78449&confirmationNumber=10146379
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