Brookfield Infrastructure Partners LP BIP.N reported quarterly adjusted earnings of 3 cents per share for the quarter ended in September, lower than the same quarter last year, when the company reported EPS of 5 cents. The mean expectation of two analysts for the quarter was for earnings of 10 cents per share. Wall Street expected results to range from 4 cents to 16 cents per share.
Revenue rose 23.7% to $4.49 billion from a year ago.
Brookfield Infrastructure Partners LP's reported EPS for the quarter was 3 cents.
The company reported quarterly income of $23 million.
Brookfield Infrastructure Partners LP shares had fallen by 21.2% this quarter and lost 25.2% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 3.4% in the last three months.
In the last 30 days, there have been earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," "hold" and "sell" or "strong sell."
The average consensus recommendation for the consumer goods conglomerates peer group is also "buy"
Wall Street's median 12-month price target for Brookfield Infrastructure Partners LP is $45.00
This summary was machine generated from LSEG data November 1 at 04:17 p.m. UTC. All figures in US dollars unless otherwise stated.
QUARTER ENDING |
ESTIMATE |
ACTUAL |
BEAT, MET, MISSED |
Sep. 30 2023 |
0.75 |
0.73 |
Missed |
Jun. 30 2023 |
0.73 |
0.72 |
Missed |
Mar. 31 2023 |
0.73 |
0.72 |
Missed |
Dec. 31 2022 |
0.72 |
0.72 |
Met |