$452.42 Million in Sales Expected for Tesoro Logistics LP (ANDX) This Quarter
Equities analysts forecast that Tesoro Logistics LP (NYSE:ANDX) will announce $452.42 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Tesoro Logistics’ earnings, with the lowest sales estimate coming in at $430.00 million and the highest estimate coming in at $486.00 million. Tesoro Logistics reported sales of $308.00 million during the same quarter last year, which indicates a positive year over year growth rate of 46.9%. The business is expected to announce its next earnings report after the market closes on Wednesday, November 8th.
On average, analysts expect that Tesoro Logistics will report full year sales of $452.42 million for the current financial year, with estimates ranging from $1.63 billion to $1.85 billion. For the next financial year, analysts anticipate that the business will report sales of $1.98 billion per share, with estimates ranging from $1.76 billion to $2.13 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Tesoro Logistics.
A number of research firms have commented on ANDX. Mitsubishi UFJ Financial Group raised shares of Tesoro Logistics from a “neutral” rating to an “overweight” rating and set a $60.00 price target for the company in a research note on Wednesday, August 16th. Morgan Stanley began coverage on shares of Tesoro Logistics in a research note on Wednesday, August 2nd. They issued an “overweight” rating for the company.
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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.
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