Key Takeaways:
- Western Midstream Partners (WES, Financial) is set to announce its Q1 earnings with analysts projecting a modest year-over-year revenue growth.
- Analysts provide an average price target of $40.72, suggesting a potential upside of over 14% from the current stock price.
- The stock's GF Value indicates a slightly moderate upside, reflecting its calculated fair value based on historical data and future performance estimates.
Western Midstream's Anticipated Earnings Release
Western Midstream Partners (WES) is poised to unveil its first-quarter earnings on May 7, subsequent to the market's closure. Analysts are expecting an earnings per share (EPS) of $0.82 and revenues amounting to $926.55 million. This projection signifies a commendable 4.4% increase compared to the previous year. Interestingly, the EPS estimates have seen one upward revision amidst two downward ones, while revenue estimates were adjusted upward twice.
Wall Street Analysts' Insights
Recent analysis from 12 seasoned analysts offers a one-year price target for Western Midstream Partners LP (WES, Financial), averaging at $40.72. This target spans a high estimate of $46.00 and a low of $36.00, suggesting an enticing upside potential of 14.23% from the current trading price of $35.65. For further intricate estimate information, visit the Western Midstream Partners LP (WES) Forecast page.
The consensus recommendation across 14 brokerage firms places Western Midstream Partners LP (WES, Financial) at an average brokerage recommendation of 2.9, labeling it a "Hold." This recommendation utilizes a scale ranging from 1 to 5, where 1 indicates a Strong Buy and 5 denotes a Sell.
Assessing the GF Value Estimate
According to GuruFocus evaluations, the projected GF Value for Western Midstream Partners LP (WES, Financial) within a year is pegged at $36.30. This suggests a slight upside of 1.82% from the present price of $35.65. The GF Value represents GuruFocus’ assessment of the stock's fair value, derived from historical trading multiples, past business growth, and anticipated future business performance. For more intricate details, investors can refer to the Western Midstream Partners LP (WES) Summary page.
