Plains All American PAA is set to give its latest quarterly earnings report on Tuesday, 2021-11-02. Here's what investors need to know before the announcement.
Analysts estimate that Plains All American will likely report an Earnings Per Share (EPS) of $0.22
Plains All American 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 missed on EPS by -4.17%, which was followed by a 2.96% drop in the share price the next day.
Here's a look at Plains All American's past performance and the resulting price change:
Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
---|---|---|---|---|
EPS Estimate | 0.24 | 0.25 | 0.32 | 0.32 |
EPS Actual | 0.23 | 0.25 | 0.29 | 0.46 |
Price Change % | -2.96% | 0.33% | -9.59% | 1.08% |
Stock Performance
Shares of Plains All American were trading at $10.12 as of October 29. Over the last 52-week period, shares are up 58.98%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.
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