Plains All American Pipeline LP expected to post earnings of 39 cents a share - Earnings Preview

Plains All American Pipeline LP

01/05/2024 14:11

* Plains All American Pipeline LP  PAA.OQ   PAA.O  is
expected
to show a rise in quarterly revenue when it reports  results on
May 3 for the period ending March 31 2024
    * The Houston Texas-based  company is expected to report a
5.2% increase in revenue to $12.977 billion from $12.34 billion
a year ago, according to the mean estimate from 7 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Plains All American
Pipeline
LP is for earnings of 39 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 10
"hold" and 2 "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 1.5%
in the last three months. ​
    * Wall Street's median 12-month price target for Plains All
American Pipeline LP is $18.00​, above​ its last closing price
of $17.23. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.37        0.37       0.42      Beat    13.9
 Jan. 1 2023   0.26        0.26       0.35      Beat    34.9
 Jun. 30 2023  0.24        0.24       0.25      Beat    3.1​
 Mar. 31 2023  0.35        0.36       0.41      Beat    15.3
 ​​Dec.        0.32        0.34       0.33      Missed  -3.3
 31 2022                                                
 Sep. 30 2022  0.27        0.26       0.33      Beat    25.7​
 Jun. 30 2022  0.24        0.20       0.30      Beat    49.5
 Mar. 31 2022  0.32        0.32       0.31      Missed  -3.2
 This summary was machine generated May 1 at 13:11 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)