$1.60 Billion in Sales Expected for Cheniere Energy Partners, LP (CQP) This Quarter

Wall Street analysts expect Cheniere Energy Partners, LP (NASDAQ:CQP) to announce sales of $1.60 billion for the current quarter, Zacks reports. Four analysts have provided estimates for Cheniere Energy Partners’ earnings. The highest sales estimate is $1.81 billion and the lowest is $1.47 billion. Cheniere Energy Partners posted sales of $1.59 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 0.6%. The firm is expected to report its next earnings report on Friday, May 3rd.

On average, analysts expect that Cheniere Energy Partners will report full-year sales of $6.78 billion for the current fiscal year, with estimates ranging from $4.50 billion to $8.37 billion. For the next fiscal year, analysts anticipate that the business will post sales of $7.59 billion, with estimates ranging from $7.04 billion to $8.56 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Cheniere Energy Partners.

Cheniere Energy Partners (NASDAQ:CQP) last released its quarterly earnings results on Tuesday, February 26th. The company reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.13. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.67 billion.

Several research analysts have recently commented on CQP shares. BidaskClub raised Cheniere Energy Partners from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 20th. US Capital Advisors lowered Cheniere Energy Partners from a “hold” rating to an “underweight” rating in a research report on Monday, March 18th.

Shares of CQP traded down $0.20 during trading hours on Wednesday, hitting $42.62. The company had a trading volume of 58,371 shares, compared to its average volume of 262,809. Cheniere Energy Partners has a one year low of $29.42 and a one year high of $45.27.

About Cheniere Energy Partners

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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