Tesoro Logistics LP (NYSE:TLLP) is trading up 58.83% versus 12-month low of 33.34 and stands -1.98% lower from its 1-year peak of $54.02. The consensus price target (PT) of $56.20 means that the market expects Company shares to increase by 5.0% in the short run. The sell-side target prices range from $49 to $62. In the last month the stock has moved in price 9.27%, with a one year change of 21.30%. The last trading session volume compares with the 425.27K average and market worth floats around 5.44B.

Tesoro Logistics LP (NYSE:TLLP) fell -1.10% to reach at the trading price of $52.95 as it is set to release its next quarterly earnings report on February 06, 2017. Tesoro Logistics LP stock trades in the range of $52.76 to $53.67 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 $0.59 a share with $322.26M in revenue.

Tesoro Logistics LP (TLLP) Future Earnings & History

After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Tesoro Logistics LP to earn $0.76 per share (EPS) on revenue of $337.64M. The EPS consensus range is $0.49-$1.3 on revenue between $389.3M and $301.4M.

While if we look at the Earnings Track Record, Tesoro Logistics LP (TLLP) managed to surpass quarterly earnings per share estimates in 2 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 16%. Last time the company reported, Tesoro Logistics LP (TLLP) generated $0.46 in earnings per share, missing the consensus estimate of $0.63. Revenues hit $308M in the September 2017 quarter, which was below the consensus $310.68M projection. On the other hand, in the June 2017 quarter the company recorded a net $293M revenue with earnings per share of $0.48. Wall Street had anticipated $302.54M and $0.63, respectively. For comparison, there was a revenue of $300M and EPS of $0.64 in the March 2016 period.

Tesoro Logistics LP (NYSE:TLLP) Analyst Insights

The buoyancy in the outlook of Tesoro Logistics LP (TLLP) is getting stronger by the somewhat negative sentiment (1.90 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Buy. Mizuho has been covering shares of TLLP, so it is most recent view is worth a look. In a research note issued on Jan 06, 2017, analysts at Morgan Stanley lifted the stock to Overweight from Equal-Weight. Another noteworthy analyst activity was recorded on Oct 13, 2015. Downgraded the stock to Neutral from Outperform.