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Enterprise Products Partners (EPD) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Enterprise Products Partners (EPD - Free Report) closed at $28.68, marking a -1.44% move from the previous day. This change lagged the S&P 500's daily loss of 0.46%. At the same time, the Dow lost 0.13%, and the tech-heavy Nasdaq lost 0.63%.
Prior to today's trading, shares of the provider of midstream energy services had gained 4.23% over the past month. This has outpaced the Oils-Energy sector's gain of 0.78% and the S&P 500's gain of 1.08% in that time.
EPD will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.47, up 20.51% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $9.18 billion, down 1.26% from the prior-year quarter.
EPD's full-year Zacks Consensus Estimates are calling for earnings of $1.93 per share and revenue of $37.07 billion. These results would represent year-over-year changes of +1.05% and +1.46%, respectively.
It is also important to note the recent changes to analyst estimates for EPD. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.12% higher within the past month. EPD is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, EPD is currently trading at a Forward P/E ratio of 15.06. For comparison, its industry has an average Forward P/E of 12.14, which means EPD is trading at a premium to the group.
Also, we should mention that EPD has a PEG ratio of 5.02. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Production Pipeline - MLB was holding an average PEG ratio of 3.04 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 100, putting it in the top 40% 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) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Enterprise Products Partners (EPD - Free Report) closed at $28.68, marking a -1.44% move from the previous day. This change lagged the S&P 500's daily loss of 0.46%. At the same time, the Dow lost 0.13%, and the tech-heavy Nasdaq lost 0.63%.
Prior to today's trading, shares of the provider of midstream energy services had gained 4.23% over the past month. This has outpaced the Oils-Energy sector's gain of 0.78% and the S&P 500's gain of 1.08% in that time.
EPD will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.47, up 20.51% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $9.18 billion, down 1.26% from the prior-year quarter.
EPD's full-year Zacks Consensus Estimates are calling for earnings of $1.93 per share and revenue of $37.07 billion. These results would represent year-over-year changes of +1.05% and +1.46%, respectively.
It is also important to note the recent changes to analyst estimates for EPD. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.12% higher within the past month. EPD is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, EPD is currently trading at a Forward P/E ratio of 15.06. For comparison, its industry has an average Forward P/E of 12.14, which means EPD is trading at a premium to the group.
Also, we should mention that EPD has a PEG ratio of 5.02. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Production Pipeline - MLB was holding an average PEG ratio of 3.04 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 100, putting it in the top 40% 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.