Energy Transfer Stock's Earnings Estimates Going Down: Hold or Fold?
Energy Transfer(ET) ZACKS·2024-10-01 00:16
The Zacks Consensus Estimate for Energy Transfer's (ET) 2024 and 2025 earnings per unit has dropped by 7.5% and 11.8%, respectively, in the past 60 days. The downward revision in earnings estimates indicates analysts' decreasing confidence in the stock. This midstream oil and gas firm also missed the Zacks Earnings Estimates in the trailing two quarters. The firm has trailed its industry in the past three months. ET Unit's Price Performance Image Source: Zacks Investment Research Factors Acting as Headwinds ...