Analysts Expect Cheniere Energy Partners, LP (CQP) Will Announce Quarterly Sales of $1.60 Billion

Wall Street analysts expect that Cheniere Energy Partners, LP (NASDAQ:CQP) will post sales of $1.60 billion for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Cheniere Energy Partners’ earnings, with estimates ranging from $1.47 billion to $1.81 billion. Cheniere Energy Partners reported sales of $1.59 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 0.6%. The business is expected to issue its next earnings results on Friday, May 3rd.

According to Zacks, analysts expect that Cheniere Energy Partners will report full year sales of $6.78 billion for the current financial year, with estimates ranging from $4.50 billion to $8.37 billion. For the next financial year, analysts expect that the company will report sales of $7.59 billion, with estimates ranging from $7.04 billion to $8.56 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Cheniere Energy Partners.

Cheniere Energy Partners (NASDAQ:CQP) last posted its quarterly earnings results on Tuesday, February 26th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.13. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.67 billion.

CQP has been the topic of a number of research analyst reports. BidaskClub downgraded shares of Cheniere Energy Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. US Capital Advisors downgraded shares of Cheniere Energy Partners from a “hold” rating to an “underweight” rating in a research note on Monday, March 18th.

Shares of CQP traded down $0.20 during mid-day trading on Wednesday, reaching $42.62. The company had a trading volume of 58,371 shares, compared to its average volume of 262,809. Cheniere Energy Partners has a 1-year low of $29.42 and a 1-year high of $45.27.

Cheniere Energy Partners Company Profile

Cheniere Energy Partners, L.P., through its subsidiaries, owns and operates regasification facilities at the Sabine Pass liquefied natural gas (LNG) terminal located on the Sabine-Neches Waterway. The company's regasification facilities include infrastructure of five LNG storage tanks with capacity of approximately 16.9 billion cubic feet equivalent; two marine berths that accommodate vessels of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4.0 billion cubic feet per day.

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