Benzinga | Nov 1, 2021 11:00AM EDT

Earnings Preview: Plains GP Holdings

Plains GP Holdings (NYSE:PAGP) 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 GP Holdings will likely report an Earnings Per Share (EPS) of $0.20

Plains GP Holdings 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 beat on EPS by 4.55%, which was followed by a 4.01% drop in the share price the next day.

Here's a look at Plains GP Holdings's past performance and the resulting price change:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 0.22 0.21 0.31 0.25EPS Actual 0.23 0.25 0.29 0.46Price Change % -4.01% -0.32% -8.97% 1.82%

Stock Performance

Shares of Plains GP Holdings were trading at $10.9 as of October 29. Over the last 52-week period, shares are up 66.44%. 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