Brokerages Expect Cheniere Energy Partners, LP (NASDAQ:CQP) Will Post Quarterly Sales of $1.78 Billion
Wall Street brokerages expect that Cheniere Energy Partners, LP (NASDAQ:CQP) will report sales of $1.78 billion for the current quarter, Zacks reports. Four analysts have made estimates for Cheniere Energy Partners’ earnings, with the highest sales estimate coming in at $1.83 billion and the lowest estimate coming in at $1.71 billion. Cheniere Energy Partners reported sales of $1.41 billion in the same quarter last year, which would suggest a positive year over year growth rate of 26.2%. The company is expected to report its next earnings results on Thursday, August 8th.
On average, analysts expect that Cheniere Energy Partners will report full year sales of $7.32 billion for the current year, with estimates ranging from $7.04 billion to $7.69 billion. For the next financial year, analysts forecast that the company will report sales of $7.66 billion, with estimates ranging from $7.25 billion to $8.22 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Cheniere Energy Partners.
Cheniere Energy Partners (NASDAQ:CQP) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.24. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.58 billion.
CQP traded down $0.04 on Wednesday, hitting $43.79. 5,273 shares of the stock traded hands, compared to its average volume of 202,529. Cheniere Energy Partners has a 52 week low of $32.55 and a 52 week high of $45.27. The business has a fifty day moving average of $42.33.
About Cheniere Energy Partners
Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located on the Sabine-Neches Waterway. The company's regasification facilities include infrastructure of five LNG storage tanks with capacity of approximately 16.9 billion cubic feet equivalent; two marine berths that accommodate vessels of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4.0 billion cubic feet per day.
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