Tesoro Logistics LP (ANDX) Expected to Announce Earnings of $0.63 Per Share
Wall Street brokerages expect Tesoro Logistics LP (NYSE:ANDX) to post $0.63 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Tesoro Logistics’ earnings, with the lowest EPS estimate coming in at $0.55 and the highest estimate coming in at $0.78. Tesoro Logistics posted earnings per share of $0.46 in the same quarter last year, which would suggest a positive year-over-year growth rate of 37%. The firm is expected to issue its next quarterly earnings report after the market closes on Wednesday, November 8th.
According to Zacks, analysts expect that Tesoro Logistics will report full-year earnings of $2.47 per share for the current year, with EPS estimates ranging from $2.34 to $2.57. For the next year, analysts expect that the firm will post earnings of $2.99 per share, with EPS estimates ranging from $2.55 to $3.29. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Tesoro Logistics.
Several equities research analysts recently weighed in on the company. Morgan Stanley assumed coverage on Tesoro Logistics in a research note on Wednesday, August 2nd. They issued an “overweight” rating on the stock. Mitsubishi UFJ Financial Group raised Tesoro Logistics from a “neutral” rating to an “overweight” rating and set a $60.00 price target on the stock in a research note on Wednesday, August 16th.
WARNING: This story was published by American Banking News and is owned by of American Banking News. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://www.americanbankingnews.com/2017/10/13/tesoro-logistics-lp-andx-expected-to-announce-earnings-of-0-63-per-share.html.
Tesoro Logistics Company Profile
Andeavor Logistics LP, formerly Tesoro Logistics LP, is a full-service logistics company operating in the western and mid-continent regions of the United States. The Company operates through three segments. Its Gathering segment consists of crude oil, natural gas and produced water gathering systems in the Bakken Region and Rockies Region.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Tesoro Logistics LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesoro Logistics LP and related companies with MarketBeat.com's FREE daily email newsletter.