Earnings Outlook For Hess Midstream Partners

Hess Midstream Partners HESM is set to give its latest quarterly earnings report on Wednesday, 2022-07-27. Here's what investors need to know before the announcement.

Analysts estimate that Hess Midstream Partners will report an earnings per share (EPS) of $0.53.

Hess 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).

Historical Earnings Performance

Last quarter the company missed EPS by $0.04, which was followed by a 0.9% increase in the share price the next day.

Here's a look at Hess Midstream Partners's past performance and the resulting price change:

Stock Performance

Shares of Hess Midstream Partners were trading at $29.59 as of July 25. Over the last 52-week period, shares are up 19.25%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for Hess Midstream Partners visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.