Benzinga | Oct 29, 2021 10:59AM EDT

Earnings Outlook For Enable Midstream Partners

Enable Midstream Partners (NYSE:ENBL) is set to give its latest quarterly earnings report on Monday, 2021-11-01. Here's what investors need to know before the announcement.

Analysts estimate that Enable Midstream Partners will likely report an Earnings Per Share (EPS) of $0.21

Enable 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 missed on EPS by 0.00%, which was followed by a 0.75% increase in the share price the next day.

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

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 0.18 0.17 0.13 0.15EPS Actual 0.18 0.33 0.19 0.15Price Change % 0.75% 2.16% -1.29% 7.06%

Stock Performance

Shares of Enable Midstream Partners were trading at $8.27 as of October 28. Over the last 52-week period, shares are up 92.0%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

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