American Midstream Partners (NYSE:AMID) has a 63% chance to Drop Further

American Midstream Partners, LP (NYSE:AMID) is expected to announce second quarter financial results after market close (confirmed) on August 14, 2017. The company added about -12.5% percent in value since last earnings when it was at $12.85. Based on the most relevant historical data, there is a 63 percent probability for share price to go down following the next earnings report. Looking further into earnings reaction history, the stock had moved up 14 times out of last 22 quarters. It has topped earnings-per-share estimates 8% of the time in its last 12 earnings reports. It missed earnings on 1 occasions, and it has met expectations 0 time.

American Midstream Partners, LP (AMID) History

Overall, the average earnings surprise was 248.08 percent over the past four quarters. Back on May 10, 2017, it posted earnings per share at $-0.75 which missed the consensus $0.22 projection (Positive surprise of 448.84%). Revenue came in at $199.63M versus consensus estimate of $66.62M. The stock gained 7.39% percent the day following the earnings was released, and on 7th day price change was 4.67% percent.

On November 07, 2016, it posted earnings per share at $-0.18 versus the consensus estimate of $0.42 (Positive surprise of 142.52%). Revenue of $67.29M was below the $68.18M analysts had expected. The stock dropped 1.49% the day following the earnings was released, and on 7th day price change was 2.24%.

On August 08, 2016, it posted earnings per share at $-0.22, missed the consensus estimate of $0.51 (Positive surprise of 142.72%). Revenue for the quarter was $63.82M while analysts had expected revenues to come in at $59.94M. The stock gained 1.13% the day following the earnings was released, and on 7th day price change was -1.71%.

On May 09, 2016, it posted earnings per share at $-0.36 compared with the consensus estimate of $0.23 (Positive surprise of 258.24%). That came on revenues of $55.38M for the quarter. Analysts had expected $59.91M in revenue.

American Midstream Partners, LP (AMID) Expectations

In front of Q3 earnings release, Wall Street is expecting earnings per share of $-0.09. The analysts’ current consensus range is $-0.39-$0.61 for EPS. The market consensus range for revenue is $194.26M-$194.26M, with an average of $194.26M.

American Midstream Partners (NYSE:AMID) last closed at $12.25, sending the company’s market cap around $530.06M. The consensus 12-month price target from brokerage firms covering the stock is $17.14. The share price has declined -33.60% from its best level in 52 weeks and advanced -32.69% this year. It recently traded in a range of $-$ at a volume of 438,747 shares. The stock ended last trading session with the price nearly 2.08% higher for the last 5 trading days, rebounding 17.90% from its 52-week low.