Shell Midstream Partners SHLX is set to give its latest quarterly earnings report on Friday, 2021-10-29. Here's what investors need to know before the announcement.
Analysts estimate that Shell Midstream Partners will likely report an Earnings Per Share (EPS) of $0.33
Shell Midstream Partners bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Past Earnings Performance
Last quarter the company beat on EPS by 5.88%.
Here's a look at Shell Midstream Partners's past performance and the resulting price change:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.34 | 0.34 | 0.32 | 0.33 |
| EPS Actual | 0.36 | 0.37 | 0.29 | 0.30 |
| Price Change % | -1.09% | -7.25% | 1.59% | -10.18% |
Stock Performance
Shares of Shell Midstream Partners were trading at $12.56 as of October 27. Over the last 52-week period, shares are up 50.3%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
If you want to track all upcoming earnings announcements, check out our Earnings Calendar here
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