Wall Street analysts expect Western Midstream (WES) to post quarterly earnings of $0.89 per share in its upcoming report, which indicates a year-over-year increase of 2.3%. Revenues are expected to be $1.19 billion, up 25.4% from the year-ago quarter.
Over the last 30 days, there has been an upward revision of 0.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Western Midstream metrics that are routinely monitored and predicted by Wall Street analysts.
The combined assessment of analysts suggests that 'Revenues and other- Total Service Revenues' will likely reach $1.02 billion. The estimate indicates a change of +13.4% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Throughput for natural-gas assets per day - Throughput attributable to noncontrolling interests' of . The estimate is in contrast to the year-ago figure of .
Analysts' assessment points toward 'Throughput for natural-gas assets per day - Total throughput attributable to WES for natural-gas assets' reaching . The estimate compares to the year-ago value of .
The consensus among analysts is that 'Total throughput attributable to WES for natural-gas assets per day' will reach . The estimate compares to the year-ago value of .
Based on the collective assessment of analysts, 'Throughput for natural-gas assets per day - Equity Investment' should arrive at . The estimate is in contrast to the year-ago figure of .
Analysts expect 'Throughput for natural-gas assets per day - Operated - Delaware Basin' to come in at . The estimate is in contrast to the year-ago figure of .
The consensus estimate for 'Throughput for natural-gas assets per day - Operated - DJ Basin' stands at . The estimate is in contrast to the year-ago figure of .
Analysts predict that the 'Throughput for natural-gas assets per day - Operated - Powder River Basin' will reach . Compared to the present estimate, the company reported in the same quarter last year.
According to the collective judgment of analysts, 'Throughput for crude-oil and NGLs assets per day - Operated - Delaware Basin' should come in at 267.67 thousands of barrels of oil. The estimate compares to the year-ago value of 245.00 thousands of barrels of oil.
It is projected by analysts that the 'Throughput for crude-oil and NGLs assets per day - Operated - DJ Basin' will reach 91.48 thousands of barrels of oil. Compared to the current estimate, the company reported 105.00 thousands of barrels of oil in the same quarter of the previous year.
Analysts forecast 'Throughput for crude-oil and NGLs assets per day - Non-operated - Equity investments' to reach 106.47 thousands of barrels of oil. Compared to the current estimate, the company reported 102.00 thousands of barrels of oil in the same quarter of the previous year.
The average prediction of analysts places 'Throughput for crude-oil and NGLs assets per day - Operated - Other' at 38.78 thousands of barrels of oil. The estimate is in contrast to the year-ago figure of 41.00 thousands of barrels of oil.
View all Key Company Metrics for Western Midstream here>>>Shares of Western Midstream have experienced a change of -3% in the past month compared to the -2.3% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), WES is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Western Midstream Partners, LP (WES): Free Stock Analysis Report
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