An Earnings Beat: Pipeline operator Magellan Midstream Companions L.P. MMP reported adjusted earnin
An Earnings Beat: Pipeline operator Magellan Midstream Companions L.P. MMP reported adjusted earnings per unit of $1.19, forward of the Zacks Consensus Estimate of $1.09. Sturdy contribution from the Refined Merchandise working section led to the beat.
Estimate Revision Pattern & Shock Historical past: The inventory had seen the Zacks Consensus Estimate for third-quarter earnings stay primarily unmoved during the last 30 days.
Coming to earnings shock historical past, the partnership has a great report: its overwhelmed estimates in three of the final 4 quarters, as proven within the chart under:
Magellan Midstream Companions, L.P. Worth and EPS Shock
Magellan Midstream Partners, L.P. price-eps-surprise | Magellan Midstream Partners, L.P. Quote
Income Underperformance: Magellan Midstream reported revenues of $656.6 million, under the Zacks Consensus Estimate of $675 million.
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