Williams Companies Inc. (NYSE: WMB) has confirmed the release date for its Q4 2021 earnings report, which is on Monday, February 21, 2022, Before the market open.
What to look for: The company is expected to release flat earnings on higher revenues when it releases its earnings on Monday. Recently the company declared a quarterly dividend of $0.425 per share representing $1.7 per share on an annualized basis. Investors will be keen on the company's results and how they can trigger stock movement.
Earnings: Stockearning’s Estimated EPS for Q4 2021 is expected to be $0.31 per share, which represents no change from a year ago. In the third quarter, the company produced an earnings surprise of 21.43%, with actual EPS of $0.34. Historical EPS for the past 12 quarters shows that the company has topped estimates 16 times (45%), met five times (14%) and missed 14 times (40%).
Revenue: the company expects revenue of $2.71 billion, representing a YoY increase of 29.4. The company had revenue of $2.48 billion in the third quarter compared to $1.93 billion a year before. Over the past four quarters, the company has topped revenue estimates.
Stock Movement: WMB shares have gained 5.4% since the company released its third-quarter earnings. Interestingly, the company's shares have been DOWN 26 times out of the past 48 quarters. So, the historical price reaction suggests a 54% probability of the share price going DOWN following the fiscal Q4 2021 earnings release. According to the Stockearning algorithm, the predicted first-day move is +/-2%, while the predicted move on the seventh day is +/-4%.
What analysts are looking for: Mizuho analyst Gabriel Moreen raised the company’s prices target from $31 to $33 and maintained a Buy rating in the stock ahead of Q4 2021 results.
Barclay’s analysts Theeras Chen raised her price target in WMB from $30 to $33 and maintained a Buy rating on the stock. The analyst expects "additional variability" across refining Q4 results, which reflects the company's execution during the quarter under review. Nevertheless, Theresa has a "genuinely positives outlook for the group in 2022." Citi analyst Timm Schneider raised the company’s price target in WMB from $27 to $29 and maintained a Neutral rating in the shares. In addition, Schneider updated his model for WMB but continues to witness better relative and total return in Targa Resources (TRGP) shares.
Wolfer Research analyst Alex Kania downgraded Williams from Buy to Hold but maintained a price target of $29. The decrease is due to valuation, with the goal indicating fewer upside prospects. However, with a mix of growth and capital distribution via the dividend and stock buyback, Kania feels that the "remains very well positioned as a quality natural gas name." Williams Companies' stock received a "buy" recommendation from Bank of America, which boosted its target price to $35.00 from $34.
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