$0.58 EPS Expected for Cheniere Energy Partners, LP (NASDAQ:CQP) This Quarter

Wall Street analysts expect Cheniere Energy Partners, LP (NASDAQ:CQP) to post earnings per share (EPS) of $0.58 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Cheniere Energy Partners’ earnings. The lowest EPS estimate is $0.45 and the highest is $0.68. Cheniere Energy Partners reported earnings of $0.55 per share in the same quarter last year, which would indicate a positive year over year growth rate of 5.5%. The business is scheduled to announce its next quarterly earnings report on Thursday, August 8th.

On average, analysts expect that Cheniere Energy Partners will report full year earnings of $2.68 per share for the current fiscal year, with EPS estimates ranging from $2.18 to $3.02. For the next financial year, analysts forecast that the business will post earnings of $2.91 per share, with EPS estimates ranging from $2.64 to $3.32. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Cheniere Energy Partners.

Cheniere Energy Partners (NASDAQ:CQP) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.24. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.58 billion.

Several brokerages recently commented on CQP. BidaskClub cut shares of Cheniere Energy Partners from a “hold” rating to a “sell” rating in a report on Thursday. US Capital Advisors cut shares of Cheniere Energy Partners from a “hold” rating to an “underweight” rating in a report on Monday, March 18th.

Shares of Cheniere Energy Partners stock traded down $0.07 on Friday, hitting $42.23. The company had a trading volume of 117,775 shares, compared to its average volume of 215,518. Cheniere Energy Partners has a twelve month low of $32.55 and a twelve month high of $45.27.

Cheniere Energy Partners Company Profile

Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located on the Sabine-Neches Waterway. The company's regasification facilities include infrastructure of five LNG storage tanks with capacity of approximately 16.9 billion cubic feet equivalent; two marine berths that accommodate vessels of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4.0 billion cubic feet per day.

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