Benzinga | Aug 5, 2021 11:07AM EDT

Earnings Outlook For Summit Midstream Partners

On Friday, August 06, Summit Midstream Partners (NYSE:SMLP) will release its latest earnings report. Benzinga's outlook for Summit Midstream Partners is included in the following report.

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

Based on management's projections, Summit Midstream Partners analysts model for earnings of $0.41 per share on sales of $82.21 million. Summit Midstream Partners reported a per-share profit of $0.05 when it published results during the same quarter last year. Sales in that period totaled $92.01 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

If the company were to match the consensus estimate when it reports Friday, EPS would be up 720.0%. Revenue would have fallen 10.65% from the same quarter last year. 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 2020EPS Estimate 0.03 1.07 0.18 0.30EPS Actual 0.12 4.97 0.20 0.05Revenue Estimate 78.45 M 93.11 M 98.80 M 100.08 MRevenue Actual 99.32 M 96.41 M 90.15 M 92.01 M

Want Real-Time Earnings Calendar Updates?

Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.

Stock Performance

Over the last 52-week period, shares of Summit Midstream Partners are up 159.9%.

Do not be surprised to see the stock move on comments made during its conference call. Summit Midstream Partners is scheduled to hold the call at 10:00:00 ET and can be accessed here.