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Can EnLink Midstream (ENLC) Run Higher on Strong Earnings Estimate Revisions? - Tale of the Tape

EnLink Midstream, LLC ( ENLC ) is a midstream energy service provider that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on ENLC's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that EnLink Midstream could be a solid choice for investors.

Current Quarter Estimates for ENLC

In the past 30 days, there were no upward or downward revision in estimates, but the consensus estimate trend has been pretty favorable. Consensus estimate increased from a loss of 1 cent a share 30 days ago, to earnings of 4 cents per share today, a significant move higher.

Current Year Estimates for ENLC

Meanwhile, EnLink Midstream's current year figures did not witness any upward or downward revision. The consensus estimate trend, however, has seen a boost for this time frame, increasing from 7 cents per share 30 days ago to 22 cents per share today, indicating a significant increase.

Bottom Line

The stock has also started to move higher lately, adding 16.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.

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ENLINK MIDS LLC (ENLC): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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