The Williams Companies, Inc. (NYSE:WMB) is trading up 201.91% versus 12-month low of 9.44 and stands -12.82% lower from its 1-year peak of $32.69. The consensus price target (PT) of $33.79 means that the market expects Company shares to increase by 5.8% in the short run. The sell-side target prices range from $29 to $39. In the last month the stock has moved in price -8.48%, with a one year change of 65.09%. The last trading session volume compares with the 6.86M average and market worth floats around 21.40B.
The Williams Companies, Inc. (NYSE:WMB) fell -10.74% to reach at the trading price of $28.50 as it is set to release its next quarterly earnings report on February 22, 2017. The Williams Companies, Inc. stock trades in the range of $28.46 to $28.94 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 $0.19 a share with $1.84B in revenue.
The Williams Companies, Inc. (WMB) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast The Williams Companies, Inc. to earn $0.37 per share (EPS) on revenue of $1.73B. The EPS consensus range is $0.18-$1.28 on revenue between $2.06B and $1.28B.
While if we look at the Earnings Track Record, The Williams Companies, Inc. (WMB) managed to surpass quarterly earnings per share estimates in 5 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 41%. Last time the company reported, The Williams Companies, Inc. (WMB) generated $0.20 in earnings per share, beating the consensus estimate of $0.19. Revenues hit $1.91B in the September 2017 quarter, which was above the consensus $1.73B projection. On the other hand, in the June 2017 quarter the company recorded a net $1.74B revenue with earnings per share of $0.19. Wall Street had anticipated $1.79B and $0.22, respectively. For comparison, there was a revenue of $1.66B and EPS of $0.03 in the March 2016 period.
The Williams Companies, Inc. (NYSE:WMB) Analyst Insights
The buoyancy in the outlook of The Williams Companies, Inc. (WMB) is getting stronger by the somewhat negative sentiment (2.00 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Sector Perform. Morgan Stanley has been covering shares of WMB, so it is most recent view is worth a look. In a research note issued on Jan 10, 2017, analysts at downgraded the stock to Hold from Buy. Another noteworthy analyst activity was recorded on Dec 19, 2016. Morgan Stanley Analysts lifted the stock to Overweight from Equal-Weight.