Williams Partners L.P. (NYSE:WPZ) is trading up 228.79% versus 12-month low of 11.75 and stands -2.08% lower from its 1-year peak of $39.44. The consensus price target (PT) of $55.00 means that the market expects Company shares to increase by 42.3% in the short run. The sell-side target prices range from $44 to $66. In the last month the stock has moved in price 11.65%, with a one year change of 103.47%. The last trading session volume compares with the 1.31M average and market worth floats around 23.45B.
Williams Partners L.P. (NYSE:WPZ) fell -0.10% to reach at the trading price of $38.62. Williams Partners L.P. stock trades in the range of $38.25 to $40.00 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 a share with $1.87B in revenue.
Williams Partners L.P. (WPZ) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Williams Partners L.P. to earn $0 per share (EPS) on revenue of $2.36B. The EPS consensus range is $0-$0 on revenue between $2.83B and $1.74B.
While if we look at the Earnings Track Record, Williams Partners L.P. (WPZ) managed to surpass quarterly earnings per share estimates in 3 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 25%. Last time the company reported, Williams Partners L.P. (WPZ) generated $0.42 in earnings per share, beating the consensus estimate of $0.28. Revenues hit $1.91B in the September 2017 quarter, which was above the consensus $1.74B projection. On the other hand, in the June 2017 quarter the company recorded a net $1.73B revenue with earnings per share of $0.18. Wall Street had anticipated $1.81B and $0.21, respectively. For comparison, there was a revenue of $1.65B and EPS of $-0.25 in the March 2016 period.
Williams Partners L.P. (NYSE:WPZ) Analyst Insights
The buoyancy in the outlook of Williams Partners L.P. (WPZ) is getting weaker by the somewhat negative sentiment (2.10 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. Raymond James has been covering shares of WPZ, so it is most recent view is worth a look. In a research note issued on Jan 10, 2017, analysts at Stifel lifted the stock to Buy from Hold. Another noteworthy analyst activity was recorded on Aug 03, 2016. Downgraded the stock to Mkt Perform from Outperform.