kodda/iStock via Getty Images Magellan Midstream Partners (NYSE:MMP) is scheduled to announce Q4 earnings results on Thursday, February 2nd, before market open. The consensus EPS Estimate is $1.32 (+6.5% Y/Y) and the consensus Revenue Estimate is $799.61M (-1.2% Y/Y). Over the last 2 years, MMP has beaten EPS estimates 100% of the time and has beaten revenue estimates 63% of the time. Over the last 3 months, EPS estimates have seen 1 upward revision and 1 downward. Revenue estimates have seen 1 upward revision and 2 downward. Analyst action: Barclays analyst Theresa Chen upgraded MMP to Overweight from Equal Weight with a price target of $59 up from $55. The analyst expects the company to earn higher refined products tariffs on longer-haul routes given the “sizeable year” of maintenance for its refining customers. Looking at the stock, MMP has gained 7.5% so far this year and has outperformed the broader market index past 12 months: Also Read: Better High Yield Midstream Buy: Magellan Midstream Or Enterprise Products?
