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Stock impact report

Targa Resources Corp. Just Recorded A 13% EPS Beat: Here's What Analysts Are Forecasting Next [Yahoo! Finance]

Targa Resources, Inc. (TRGP) 
US:NYSE Investor Relations: ir.targaresources.com/trc/events.cfm
Company Research Source: Yahoo! Finance
Revenues US$3.9b disappointed slightly, at5.1% below what the analysts had predicted. Profits were a relative bright spot, with statutory per-share earnings of US$1.75 coming in 13% above what was anticipated. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Targa Resources after the latest results. Check out our latest analysis for Targa Resources Taking into account the latest results, the most recent consensus for Targa Resources from nine analysts is for revenues of US$21.4b in 2025. If met, it would imply a major 32% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to jump 31% to US$7.42. Yet prior to the latest earnings, the analysts had been anticip Show less Read more
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