NYSE - Delayed Quote • USD
Targa Resources Corp. (TRGP)
At close: 4:00 PM EDT
After hours: 6:00 PM EDT
Earnings Estimate
| CURRENCY IN USD | Current Qtr. (Mar 2024) | Next Qtr. (Jun 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| No. of Analysts | 13 | 13 | 16 | 16 |
| Avg. Estimate | 1.3 | 1.26 | 5.36 | 7.34 |
| Low Estimate | 1.18 | 0.96 | 4.09 | 5.55 |
| High Estimate | 1.5 | 1.52 | 6.56 | 15.17 |
| Year Ago EPS | 0.03 | 1.44 | 3.75 | 5.36 |
Revenue Estimate
| CURRENCY IN USD | Current Qtr. (Mar 2024) | Next Qtr. (Jun 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| No. of Analysts | 3 | 3 | 8 | 7 |
| Avg. Estimate | 4.36B | 4.27B | 20.25B | 22.55B |
| Low Estimate | 3.68B | 3.69B | 15.27B | 16.72B |
| High Estimate | 4.95B | 4.78B | 24.94B | 28.89B |
| Year Ago Sales | 4.52B | 4.36B | 16.06B | 20.25B |
| Sales Growth (year/est) | -3.60% | -2.20% | 26.10% | 11.40% |
Earnings History
| CURRENCY IN USD | 3/31/2023 | 6/30/2023 | 9/30/2023 | 12/31/2023 |
|---|---|---|---|---|
| EPS Est. | 1.4 | 1.24 | 1.2 | 1.46 |
| EPS Actual | 0.03 | 1.44 | 0.97 | 1.26 |
| Difference | -1.37 | 0.2 | -0.23 | -0.2 |
| Surprise % | -97.90% | 16.10% | -19.20% | -13.70% |
EPS Trend
| CURRENCY IN USD | Current Qtr. (Mar 2024) | Next Qtr. (Jun 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| Current Estimate | 1.3 | 1.26 | 5.36 | 7.34 |
| 7 Days Ago | 1.3 | 1.26 | 5.35 | 7.34 |
| 30 Days Ago | 1.31 | 1.3 | 5.48 | 7.37 |
| 60 Days Ago | 1.41 | 1.4 | 5.99 | 7.39 |
| 90 Days Ago | 1.44 | 1.44 | 6.56 | 8.22 |
EPS Revisions
| CURRENCY IN USD | Current Qtr. (Mar 2024) | Next Qtr. (Jun 2024) | Current Year (2024) | Next Year (2025) |
|---|---|---|---|---|
| Up Last 7 Days | 1 | 3 | 2 | 1 |
| Up Last 30 Days | 4 | 5 | 6 | 7 |
| Down Last 7 Days | -- | -- | -- | -- |
| Down Last 30 Days | 1 | -- | -- | 2 |
Growth Estimates
| CURRENCY IN USD | TRGP | Industry | Sector | S&P 500 |
|---|---|---|---|---|
| Current Qtr. | 4,233.30% | -- | -- | 1.60% |
| Next Qtr. | -12.50% | -- | -- | 10.50% |
| Current Year | 42.90% | -- | -- | 5.20% |
| Next Year | 36.90% | -- | -- | 13.30% |
| Next 5 Years (per annum) | 45.70% | -- | -- | 11.22% |
| Past 5 Years (per annum) | 14.59% | -- | -- | -- |
Research Analysis
Analyst Price Targets
Fair Value
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Analyst Recommendations
- Strong Buy
- Buy
- Hold
- Underperform
- Sell
Earnings
Upgrades & Downgrades
| Maintains | Stifel: Buy to Buy | 4/16/2024 |
| Maintains | Scotiabank: Sector Outperform to Sector Outperform | 4/15/2024 |
| Maintains | Barclays: Overweight to Overweight | 4/9/2024 |
| Maintains | Goldman Sachs: Buy to Buy | 4/4/2024 |
| Maintains | Mizuho: Buy to Buy | 4/3/2024 |
| Maintains | Truist Securities: Buy to Buy | 3/20/2024 |
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