Western Midstream Shares Fall 1.27% Ahead of Earnings

Western Midstream shares fell 1.27% to $44.37 in the latest session, while the S&P 500 declined 0.25%. The Dow lost 0.86%, and the Nasdaq rose 0.24%.

Over the previous month, WES dropped 8.27%. That compared with declines of 0.62% for the Oils-Energy sector and 0.42% for the S&P 500.

For the company’s upcoming earnings report, Zacks estimates earnings of $0.89 per share, up 2.3% from the same quarter last year. Its revenue estimate is $1.2 billion, a projected increase of 25.52%.

For the full fiscal year, Zacks Consensus Estimates call for earnings of $3.66 per share and revenue of $4.67 billion. Those figures would represent increases of 22.82% and 21.47%, respectively, from the prior year.