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PAA
Benzinga
11 days

Plains All American Pipeline Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

1. PAA expects Q2 earnings of 33 cents per share, up from 31 cents. 2. Projected Q2 revenue at $12.86 billion, slightly down from $12.93 billion. 3. PAA sold NGL business to Keyera for $3.75 billion on June 17. 4. Analysts have mixed ratings with varied price target adjustments for PAA. 5. Shares of PAA increased by 0.1% to close at $17.87.

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FAQ

Why Bullish?

The expected earnings increase and the strategic sale suggest positive momentum for PAA’s stock. Historically, strong earnings projections can lead to price surges, similar to previous earnings reports.

How important is it?

The earnings report and business sale are critical for PAA’s future profitability, influencing investor outlook.

Why Short Term?

Q2 earnings will be reported soon, influencing immediate investor sentiment and stock price. Short-term reactions to earnings announcements can significantly impact stock performance.

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