Analysts Expect Cheniere Energy Partners, LP (NASDAQ:CQP) to Announce $0.53 EPS

Brokerages forecast that Cheniere Energy Partners, LP (NASDAQ:CQP) will report $0.53 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Cheniere Energy Partners’ earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.68. Cheniere Energy Partners reported earnings of $0.55 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 3.6%. The business is expected to issue its next earnings report on Thursday, August 8th.

On average, analysts expect that Cheniere Energy Partners will report full year earnings of $2.87 per share for the current fiscal year, with EPS estimates ranging from $2.71 to $3.02. For the next year, analysts expect that the company will post earnings of $2.83 per share, with EPS estimates ranging from $2.54 to $3.06. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Cheniere Energy Partners.

Cheniere Energy Partners (NASDAQ:CQP) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.24. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.58 billion.

Separately, BidaskClub upgraded shares of Cheniere Energy Partners from a “sell” rating to a “hold” rating in a report on Tuesday, July 16th.

NASDAQ:CQP traded down $1.35 during midday trading on Wednesday, reaching $43.20. 5,202 shares of the stock traded hands, compared to its average volume of 212,848. The business has a fifty day moving average of $43.29. Cheniere Energy Partners has a 12 month low of $32.55 and a 12 month high of $47.21.

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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