Williams Companies Set to Announce Q3 Earnings Amid Strong Market Performance
As a prominent player in energy infrastructure, Williams Companies, Inc. (WMB) boasts a substantial market cap of $63.8 billion. Headquartered in Tulsa, Oklahoma, WMB specializes in the transportation, processing, and marketing of natural gas and its liquids throughout North America. The company is poised to release its fiscal Q3 earnings after market closure on Wednesday, Nov. 6.
Analysts Anticipate Solid Yet Lower Earnings
Expectations are for WMB to report a profit of $0.42 per share, marking a decrease of 6.7% compared to $0.45 per share earned in the same quarter last year. However, WMB has a strong track record, having exceeded Wall Street’s earnings predictions for four consecutive quarters. In the most recent quarter, the company outperformed consensus estimates by 10.3%.
Looking Ahead: EPS Growth Projected
For fiscal 2024, analysts predict that WMB will report EPS of $1.91, which remains unchanged from fiscal 2023. Projections for fiscal 2025 indicate positive growth, with EPS expected to rise nearly 10% year-over-year, reaching $2.10.
Impressive Stock Performance Over the Past Year
In the last 52 weeks, WMB’s shares have risen 48.8%, surpassing the S&P 500 Index’s ($SPX) 38.4% gain and the Energy Select Sector SPDR Fund’s (XLE) modest increase during the same timeframe.
Recent Gains Fuel Investor Confidence
The stock saw a 3.9% increase after Williams Companies announced a positive Q2 result, including an adjusted EPS of $0.43 on Aug. 5. This boost was attributed to solid performance in the Transmission & Gulf of Mexico segments, along with the successful completion of projects such as Transco’s Regional Energy Access. Additionally, the company provided favorable guidance for 2024 and 2025, alongside a 6.1% increase in dividends, enhancing investor sentiment.
Expert Opinions on WMB Stock
Analysts maintain a cautiously optimistic outlook on WMB, reflected in a “Moderate Buy” consensus rating. Among 20 analysts, there are nine “Strong Buys,” two “Moderate Buys,” eight “Holds,” and one “Strong Sell.” WMB currently trades above the average analyst price target of $48.37.
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On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
