On Wednesday, August 04, DCP Midstream DCP will release its latest earnings report. Decipher the announcement with Benzinga's help.
Net Income, Earnings, And Earnings Per Share
Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.
Earnings And Revenue
DCP Midstream earnings will be near $0.54 per share on sales of $2.46 billion, according to analysts. In the same quarter last year, DCP Midstream reported earnings per share of $0.15 on revenue of $1.27 billion.
Why Analyst Estimates And Earnings Surprises Are Important
Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.
If the company were to report earnings in line when it publishes results Wednesday, quarterly profit would be up 260.0%. Sales would be up 93.09% on a year-over-year basis. Here is how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.30 | 0.49 | 0.38 | 0.26 |
| EPS Actual | 0.19 | 0.34 | 0.46 | 0.15 |
| Revenue Estimate | 2.34 B | 2.46 B | 2.10 B | 1.70 B |
| Revenue Actual | 2.32 B | 1.78 B | 1.59 B | 1.27 B |
Want Real-Time Earnings Calendar Updates?
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Stock Performance
For a full 12 months, the return has risen by 113.53%. Given that these returns are generally positive, long-term shareholders are probably relaxed going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.
Do not be surprised to see the stock move on comments made during its conference call. DCP Midstream is scheduled to hold the call at 10:00:00 ET and can be accessed here.
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