Targa Resources Corp (TRGP, Financial) is set to release its Q2 2024 earnings on Aug 1, 2024. The consensus estimate for Q2 2024 revenue is $4,442.34 million, and the earnings are expected to come in at $1.40 per share. The full year 2024's revenue is expected to be $20.14 billion and the earnings are expected to be $5.71 per share. More detailed estimate data can be found here.
Targa Resources Corp (TRGP, Financial) Estimate Trends
Over the past 90 days, revenue estimates for Targa Resources Corp (TRGP) for the full year 2024 have increased from $20.10 billion to $20.14 billion and for 2025 from $22.18 billion to $22.92 billion. Earnings estimates for the full year 2024 have declined from $5.90 per share to $5.71 per share, while for 2025, they have increased from $7.77 per share to $7.99 per share.
Targa Resources Corp (TRGP, Financial) Reported History
In the previous quarter of March 31, 2024, Targa Resources Corp's (TRGP) actual revenue was $4,562.40 million, which beat analysts' revenue expectations of $4,296.02 million by 6.2%. Targa Resources Corp's (TRGP) actual earnings were $1.22 per share, which missed analysts' earnings expectations of $1.41 per share by -13.54%. After releasing the results, Targa Resources Corp (TRGP) was up by 0.52% in one day.
Targa Resources Corp (TRGP, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 20 analysts, the average target price for Targa Resources Corp (TRGP) is $140.91 with a high estimate of $159 and a low estimate of $124. The average target implies an upside of 4.36% from the current price of $135.02.
Based on GuruFocus estimates, the estimated GF Value for Targa Resources Corp (TRGP, Financial) in one year is $94.25, suggesting a downside of -30.2% from the current price of $135.02.
Based on the consensus recommendation from 23 brokerage firms, Targa Resources Corp's (TRGP, Financial) average brokerage recommendation is currently 1.8, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
