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Enterprise Products Partners (EPD) Outpaces Stock Market Gains: What You Should Know
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Enterprise Products Partners (EPD - Free Report) closed at $29.60 in the latest trading session, marking a +0.44% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.22%. At the same time, the Dow added 0.15%, and the tech-heavy Nasdaq gained 0.6%.
Heading into today, shares of the provider of midstream energy services had gained 5.59% over the past month, outpacing the Oils-Energy sector's gain of 1.42% and the S&P 500's gain of 2.39% in that time.
Wall Street will be looking for positivity from EPD as it approaches its next earnings report date. On that day, EPD is projected to report earnings of $0.47 per share, which would represent year-over-year growth of 20.51%. Meanwhile, our latest consensus estimate is calling for revenue of $9.18 billion, down 1.26% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.93 per share and revenue of $37.07 billion, which would represent changes of +1.05% and +1.46%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for EPD. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.04% higher. EPD is currently a Zacks Rank #3 (Hold).
Looking at its valuation, EPD is holding a Forward P/E ratio of 15.26. Its industry sports an average Forward P/E of 12.23, so we one might conclude that EPD is trading at a premium comparatively.
Investors should also note that EPD has a PEG ratio of 5.09 right now. 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 industry currently had an average PEG ratio of 3.06 as of yesterday's close.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 159, putting it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Enterprise Products Partners (EPD) Outpaces Stock Market Gains: What You Should Know
Enterprise Products Partners (EPD - Free Report) closed at $29.60 in the latest trading session, marking a +0.44% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.22%. At the same time, the Dow added 0.15%, and the tech-heavy Nasdaq gained 0.6%.
Heading into today, shares of the provider of midstream energy services had gained 5.59% over the past month, outpacing the Oils-Energy sector's gain of 1.42% and the S&P 500's gain of 2.39% in that time.
Wall Street will be looking for positivity from EPD as it approaches its next earnings report date. On that day, EPD is projected to report earnings of $0.47 per share, which would represent year-over-year growth of 20.51%. Meanwhile, our latest consensus estimate is calling for revenue of $9.18 billion, down 1.26% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.93 per share and revenue of $37.07 billion, which would represent changes of +1.05% and +1.46%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for EPD. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.04% higher. EPD is currently a Zacks Rank #3 (Hold).
Looking at its valuation, EPD is holding a Forward P/E ratio of 15.26. Its industry sports an average Forward P/E of 12.23, so we one might conclude that EPD is trading at a premium comparatively.
Investors should also note that EPD has a PEG ratio of 5.09 right now. 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 industry currently had an average PEG ratio of 3.06 as of yesterday's close.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 159, putting it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.