Brookfield Infrastructure Partners LP (NYSE:BIP) utility, transport, energy outfit, is reporting third quarter earnings results on Monday 9th November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.11 per share.
For the full year, analysts predict revenues of $ 4859.29 million, while looking forward to income of $ 0.06 per share.
Previous Quarter Performance
Brookfield Infrastructure Partners LP unwinded loss for the second quarter of $ 0.25 per share, from the revenue of $ 1,946.00 million. The quarterly revenues increased 15.49 percent compared with the same quarter last year. The consensus estimates are income of $ 0.20 per share from $ 919.67 million in revenue. The bottom line results missed street analysts by $ 0.45 or 225 percent, at the same time, top line results outshined analysts by $ 1,026.33 million or 111.60 percent.
Stock Performance
On Friday, shares of Brookfield Infrastructure Partners LP has traded high as $ 46.93 and has cracked $ 46.16 on the downward trend, reaching $ 46.76 with volume of 241.20 thousand shares.
According to the previous trading day, closing price of $ 46.76, representing a 101.35 % increase from the 52 week low of $ 23.01 and a 7.86 % decrease over the 52 week high of $ 50.28.
The company has a market capital of $ 13.68 billion and is part of the Utilities sector and Utilities – Diversified industry.
Recent Analyst recommendations
- On 25th September 2020, maintained by TD Securities at Buy rating, with $ 50.00 target price.
- On 25th September 2020, maintained by Bank of America at Buy rating, with $ 51.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.485 per share on August 5, 2020. The dividend were payable on September 30, 2020 to holders of record as of the close of business on August 31, 2020 and ex-dividend date on August 28, 2020.
Conference Call
Brookfield Infrastructure Partners LP will be hosting a conference call at 9:00 AM eastern time on 9th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.bip.brookfield.com
Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. The Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals.
