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Enterprise Products Partners (EPD) Gains But Lags Market: What You Should Know
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Enterprise Products Partners (EPD - Free Report) closed at $28.55 in the latest trading session, marking a +0.3% move from the prior day. This move lagged the S&P 500's daily gain of 1.3%. At the same time, the Dow added 1.41%, and the tech-heavy Nasdaq gained 1.75%.
Prior to today's trading, shares of the provider of midstream energy services had gained 0.28% over the past month. This has outpaced the Oils-Energy sector's loss of 3.25% and lagged the S&P 500's gain of 0.46% in that time.
Investors will be hoping for strength from EPD as it approaches its next earnings release. In that report, analysts expect EPD to post earnings of $0.53 per share. This would mark year-over-year growth of 3.92%. Meanwhile, our latest consensus estimate is calling for revenue of $8.70 billion, down 9.21% from the prior-year quarter.
EPD's full-year Zacks Consensus Estimates are calling for earnings of $2.18 per share and revenue of $34.86 billion. These results would represent year-over-year changes of +14.14% and -4.58%, 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. 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 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. Within the past 30 days, our consensus EPS projection has moved 0.95% higher. EPD is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that EPD has a Forward P/E ratio of 13.03 right now. For comparison, its industry has an average Forward P/E of 11.78, which means EPD is trading at a premium to the group.
Investors should also note that EPD has a PEG ratio of 3.26 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Production Pipeline - MLB industry currently had an average PEG ratio of 3.26 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 57, putting it in the top 23% 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.
To follow EPD in the coming trading sessions, be sure to utilize Zacks.com.
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Enterprise Products Partners (EPD) Gains But Lags Market: What You Should Know
Enterprise Products Partners (EPD - Free Report) closed at $28.55 in the latest trading session, marking a +0.3% move from the prior day. This move lagged the S&P 500's daily gain of 1.3%. At the same time, the Dow added 1.41%, and the tech-heavy Nasdaq gained 1.75%.
Prior to today's trading, shares of the provider of midstream energy services had gained 0.28% over the past month. This has outpaced the Oils-Energy sector's loss of 3.25% and lagged the S&P 500's gain of 0.46% in that time.
Investors will be hoping for strength from EPD as it approaches its next earnings release. In that report, analysts expect EPD to post earnings of $0.53 per share. This would mark year-over-year growth of 3.92%. Meanwhile, our latest consensus estimate is calling for revenue of $8.70 billion, down 9.21% from the prior-year quarter.
EPD's full-year Zacks Consensus Estimates are calling for earnings of $2.18 per share and revenue of $34.86 billion. These results would represent year-over-year changes of +14.14% and -4.58%, 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. 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 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. Within the past 30 days, our consensus EPS projection has moved 0.95% higher. EPD is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that EPD has a Forward P/E ratio of 13.03 right now. For comparison, its industry has an average Forward P/E of 11.78, which means EPD is trading at a premium to the group.
Investors should also note that EPD has a PEG ratio of 3.26 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Production Pipeline - MLB industry currently had an average PEG ratio of 3.26 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 57, putting it in the top 23% 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.
To follow EPD in the coming trading sessions, be sure to utilize Zacks.com.