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Enterprise Products Partners (EPD) Gains As Market Dips: What You Should Know
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Enterprise Products Partners (EPD - Free Report) closed the most recent trading day at $25.02, moving +1.3% from the previous trading session. This move outpaced the S&P 500's daily loss of 1.54%. Meanwhile, the Dow lost 1.49%, and the Nasdaq, a tech-heavy index, lost 2.17%.
Heading into today, shares of the provider of midstream energy services had lost 4.49% over the past month, outpacing the Oils-Energy sector's loss of 10.97% and the S&P 500's loss of 6.77% in that time.
EPD will be looking to display strength as it nears its next earnings release, which is expected to be January 30, 2019. On that day, EPD is projected to report earnings of $0.49 per share, which would represent year-over-year growth of 32.43%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $9.53 billion, up 13.13% from the year-ago period.
EPD's full-year Zacks Consensus Estimates are calling for earnings of $1.80 per share and revenue of $36.64 billion. These results would represent year-over-year changes of +36.36% and +25.3%, respectively.
Investors might also notice recent changes to analyst estimates for EPD. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. EPD currently has a Zacks Rank of #1 (Strong Buy).
Investors should also note EPD's current valuation metrics, including its Forward P/E ratio of 13.76. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 13.76.
We can also see that EPD currently has a PEG ratio of 4.59. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Production Pipeline - MLB was holding an average PEG ratio of 1.77 at yesterday's closing price.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 95, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Enterprise Products Partners (EPD) Gains As Market Dips: What You Should Know
Enterprise Products Partners (EPD - Free Report) closed the most recent trading day at $25.02, moving +1.3% from the previous trading session. This move outpaced the S&P 500's daily loss of 1.54%. Meanwhile, the Dow lost 1.49%, and the Nasdaq, a tech-heavy index, lost 2.17%.
Heading into today, shares of the provider of midstream energy services had lost 4.49% over the past month, outpacing the Oils-Energy sector's loss of 10.97% and the S&P 500's loss of 6.77% in that time.
EPD will be looking to display strength as it nears its next earnings release, which is expected to be January 30, 2019. On that day, EPD is projected to report earnings of $0.49 per share, which would represent year-over-year growth of 32.43%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $9.53 billion, up 13.13% from the year-ago period.
EPD's full-year Zacks Consensus Estimates are calling for earnings of $1.80 per share and revenue of $36.64 billion. These results would represent year-over-year changes of +36.36% and +25.3%, respectively.
Investors might also notice recent changes to analyst estimates for EPD. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. EPD currently has a Zacks Rank of #1 (Strong Buy).
Investors should also note EPD's current valuation metrics, including its Forward P/E ratio of 13.76. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 13.76.
We can also see that EPD currently has a PEG ratio of 4.59. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Production Pipeline - MLB was holding an average PEG ratio of 1.77 at yesterday's closing price.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 95, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.