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Enterprise Products Partners (EPD) Dips More Than Broader Markets: What You Should Know
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Enterprise Products Partners (EPD - Free Report) closed the most recent trading day at $28.87, moving -1.23% from the previous trading session. This change lagged the S&P 500's 0.23% loss on the day. Elsewhere, the Dow lost 0.01%, while the tech-heavy Nasdaq lost 0.05%.
Prior to today's trading, shares of the provider of midstream energy services had gained 1.04% over the past month. This has outpaced the Oils-Energy sector's gain of 0.23% and lagged the S&P 500's gain of 3.16% in that time.
EPD will be looking to display strength as it nears its next earnings release, which is expected to be May 1, 2019. In that report, analysts expect EPD to post earnings of $0.48 per share. This would mark year-over-year growth of 23.08%. Meanwhile, our latest consensus estimate is calling for revenue of $8.86 billion, down 4.76% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.96 per share and revenue of $36.35 billion, which would represent changes of +2.62% and -0.5%, respectively, from the prior year.
Any recent changes to analyst estimates for EPD should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 has moved 2.14% higher within the past month. EPD is currently a Zacks Rank #2 (Buy).
In terms of valuation, EPD is currently trading at a Forward P/E ratio of 14.88. For comparison, its industry has an average Forward P/E of 12.02, which means EPD is trading at a premium to the group.
It is also worth noting that EPD currently has a PEG ratio of 4.96. 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. EPD's industry had an average PEG ratio of 2.98 as of yesterday's close.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 54, which puts it in the top 22% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Enterprise Products Partners (EPD) Dips More Than Broader Markets: What You Should Know
Enterprise Products Partners (EPD - Free Report) closed the most recent trading day at $28.87, moving -1.23% from the previous trading session. This change lagged the S&P 500's 0.23% loss on the day. Elsewhere, the Dow lost 0.01%, while the tech-heavy Nasdaq lost 0.05%.
Prior to today's trading, shares of the provider of midstream energy services had gained 1.04% over the past month. This has outpaced the Oils-Energy sector's gain of 0.23% and lagged the S&P 500's gain of 3.16% in that time.
EPD will be looking to display strength as it nears its next earnings release, which is expected to be May 1, 2019. In that report, analysts expect EPD to post earnings of $0.48 per share. This would mark year-over-year growth of 23.08%. Meanwhile, our latest consensus estimate is calling for revenue of $8.86 billion, down 4.76% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.96 per share and revenue of $36.35 billion, which would represent changes of +2.62% and -0.5%, respectively, from the prior year.
Any recent changes to analyst estimates for EPD should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 has moved 2.14% higher within the past month. EPD is currently a Zacks Rank #2 (Buy).
In terms of valuation, EPD is currently trading at a Forward P/E ratio of 14.88. For comparison, its industry has an average Forward P/E of 12.02, which means EPD is trading at a premium to the group.
It is also worth noting that EPD currently has a PEG ratio of 4.96. 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. EPD's industry had an average PEG ratio of 2.98 as of yesterday's close.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 54, which puts it in the top 22% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.