Analysts Anticipate Cheniere Energy Partners, LP (NASDAQ:CQP) to Announce $0.58 EPS

Equities research analysts expect that Cheniere Energy Partners, LP (NASDAQ:CQP) will report earnings per share of $0.58 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Cheniere Energy Partners’ earnings, with estimates ranging from $0.45 to $0.68. Cheniere Energy Partners posted earnings per share of $0.55 during the same quarter last year, which indicates a positive year-over-year growth rate of 5.5%. The business is scheduled to issue its next quarterly earnings report on Thursday, August 8th.

On average, analysts expect that Cheniere Energy Partners will report full-year earnings of $3.02 per share for the current fiscal year, with EPS estimates ranging from $3.01 to $3.02. For the next financial year, analysts anticipate that the firm will post earnings of $2.85 per share, with EPS estimates ranging from $2.64 to $3.32. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Cheniere Energy Partners.

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

Several brokerages recently issued reports on CQP. US Capital Advisors lowered Cheniere Energy Partners from a “hold” rating to an “underweight” rating in a research note on Monday, March 18th. BidaskClub upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, July 6th.

CQP traded down $0.04 on Monday, hitting $43.79. 5,273 shares of the stock traded hands, compared to its average volume of 202,529. Cheniere Energy Partners has a 52 week low of $32.55 and a 52 week high of $45.27. The business has a fifty day moving average of $42.33.

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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