Earnings Preview: Williams Companies, Inc. (The) (WMB) Q2 Earnings Expected to Decline

Company Overview - Williams Companies, Inc. (WMB) is expected to report a year-over-year decline in earnings of 7.1%, with an estimated earnings per share (EPS) of $0.39 for the quarter ended June 2024 [2] - Revenue is projected to be $2.72 billion, reflecting a 9.6% increase from the previous year [2] Earnings Estimates and Revisions - The consensus EPS estimate has been revised 1.47% higher in the last 30 days, indicating a reassessment by analysts [2] - The Most Accurate Estimate for Williams Companies is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -2.06%, suggesting a bearish outlook from analysts [5] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive reading is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank of 1, 2, or 3 [4] - Williams Companies currently holds a Zacks Rank of 3, making it difficult to predict an earnings beat conclusively [5][6] Historical Performance - In the last reported quarter, Williams Companies exceeded the expected EPS of $0.49 by delivering $0.59, resulting in a surprise of +20.41% [7] - Over the last four quarters, the company has consistently beaten consensus EPS estimates [7] Industry Context - Enbridge (ENB), a peer in the Oil and Gas - Production and Pipelines industry, is expected to report an EPS of $0.46, reflecting a year-over-year decline of 9.8% [9] - Enbridge's revenue is anticipated to be $4.28 billion, down 44.9% from the previous year, with an Earnings ESP of -0.31% [9]