Boardwalk Pipeline Partners, LP (NYSE:BWP) is trading up 111.16% versus 12-month low of 8.62 and stands -1.83% lower from its 1-year peak of $18.54. The consensus price target (PT) of $19.73 means that the market expects Company shares to increase by 7.7% in the short run. The sell-side target prices range from $16 to $23. In the last month the stock has moved in price 7.50%, with a one year change of 63.25%. The last trading session volume compares with the 681.41K average and market worth floats around 4.50B.

Boardwalk Pipeline Partners, LP (NYSE:BWP) fell -0.66% to reach at the trading price of $18.20 as it is set to release its next quarterly earnings report on February 13, 2017. Boardwalk Pipeline Partners, LP stock trades in the range of $18.16 to $18.47 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $0.3 a share with $333.96M in revenue.

Boardwalk Pipeline Partners, LP (BWP) Future Earnings & History

After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Boardwalk Pipeline Partners, LP to earn $0.4 per share (EPS) on revenue of $355.46M. The EPS consensus range is $0.3-$0.47 on revenue between $367.2M and $327.08M.

While if we look at the Earnings Track Record, Boardwalk Pipeline Partners, LP (BWP) managed to surpass quarterly earnings per share estimates in 7 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 58%. Last time the company reported, Boardwalk Pipeline Partners, LP (BWP) generated $0.19 in earnings per share, missing the consensus estimate of $0.20. Revenues hit $303.3M in the September 2017 quarter, which was above the consensus $299.47M projection. On the other hand, in the June 2017 quarter the company recorded a net $306.3M revenue with earnings per share of $0.26. Wall Street had anticipated $299.35M and $0.20, respectively. For comparison, there was a revenue of $345M and EPS of $0.40 in the March 2016 period.

Boardwalk Pipeline Partners, LP (NYSE:BWP) Analyst Insights

The buoyancy in the outlook of Boardwalk Pipeline Partners, LP (BWP) is getting weaker by the somewhat negative sentiment (2.30 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Outperform. Drexel Hamilton has been covering shares of BWP, so it is most recent view is worth a look. In a research note issued on Jul 21, 2016, analysts at downgraded the stock to Neutral from Buy. Another noteworthy analyst activity was recorded on Apr 21, 2014. RBC Capital Mkts Analysts lifted the stock to Outperform from Sector Perform.