Research Specialist Expect WMB to Announce Positive Earnings.

WMB Has Positive Sentiment Surrounding its Earnings Release.

Equities research specialists speculate that The Williams Companies, Inc. (NYSE:WMB) will announce sales of $2.02 billion in their most recent quarter, reported by Zacks Investment Research. Two researchers have given estimates for The Williams Companies’ earnings. The highest sales are estimated at $2.09 billion and the lowest sales are $1.91 billion. The Williams Companies reported sales of $1.91 billion at this same quarter last year, which suggests a positive year over year growth rate of 5.8%. The business is expected to announce its next earnings upon the market closing on Monday, May 3rd.

Typically, analysts anticipate that The Williams Companies will announce full-year sales of $8.51 billion for 2021’s current year, with approximations ranging from as low as $7.97 billion to as high as $9.21 billion. Going into the following year, analysts also expect that the firm will announce sales of $8.69 billion, with approximations ranging from as high as $8.38 billion to as low as $9.23 billion. Zacks’ sales calculations are based upon a mean average on a survey of sell-side research companies that offer coverage for The Williams Companies.

Want to learn more about Value investing and add another skillset to your trading arsenal? Check out the Book “The Intelligent Investor”. You can get your copy here.

The Williams Companies (NYSE:WMB) last announced its quarterly earnings results this past Sunday, February 21st. The pipeline firm announced $0.31 earnings per stock for the quarter, nearly confirming the Zacks’ consensus approximation at $0.31. The Williams Companies had a return on investment of 7.77%, with a net margin of 1.86%. The company managed a revenue of $2.09 billion for the quarter, compared to researchers’ estimates of $1.86 billion. During the same quarter period in the previous year, the company earned $0.24 earnings per stock. The company’s revenue had decreased 3.6% on a year-to-year basis.

A number of researchers have responded on WMB shares. Morgan Stanley increased their price target on The Williams Companies from $26.00 to $28.00 giving the security an “equal weight” rating in a research note on Monday, March 29th. Mizuho boosted their price target on The Williams Companies from $26.00 to $27.00, giving the stock a “buy” signal in a announcement on Wednesday, February 24th.

TD Securities boosted their price target on The Williams Companies from $24.00 to $25.00 giving the shares a “buy” rating in an announcement on Tuesday, March 2nd. Raymond James increased their price objective on The Williams Companies from $24.00 to $25.00, giving the firm a “strong-buy” rating in an analyst note on Thursday, January 14th.

Finally, Scotiabank increased The Williams Companies from a “sector perform” rating to a “sector outperform” rating in an analyst note on Wednesday, March 10th. Two investment researchers have also given the stock with a hold rating, while nine have reported a buy rating and one has given a strong buy rating to the firm. Shares presently has an overall rating of “Buy” and an average price target of $25.00.

Tim Rolle
Tim Rolle

Investor of 6 years and Managing Editor of Money Midnight, a news outlet focused on highly profitable investment ideas and bold underground research.

Articles: 117

Newsletter Updates

Enter your email address below to subscribe to our newsletter

One comment

Comments are closed.