Enterprise Products Partners (EPD - Free Report) closed at $22.82 in the latest trading session, marking a +1.51% move from the prior day. This change outpaced the S&P 500's 0.28% gain on the day.
Heading into today, shares of the provider of midstream energy services had gained 1.03% over the past month, outpacing the Oils-Energy sector's loss of 0.07% and lagging the S&P 500's gain of 3.07% in that time.
EPD will be looking to display strength as it nears its next earnings release. In that report, analysts expect EPD to post earnings of $0.52 per share. This would mark year-over-year growth of 8.33%. Our most recent consensus estimate is calling for quarterly revenue of $8.99 billion, up 29.86% from the year-ago period.
EPD's full-year Zacks Consensus Estimates are calling for earnings of $2.17 per share and revenue of $36.69 billion. These results would represent year-over-year changes of +2.84% and +34.88%, respectively.
Investors should also note any recent changes to analyst estimates for EPD. These recent revisions tend to reflect the evolving nature of short-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. 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, 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. Within the past 30 days, our consensus EPS projection has moved 0.96% lower. EPD currently has a Zacks Rank of #3 (Hold).
Investors should also note EPD's current valuation metrics, including its Forward P/E ratio of 10.37. This valuation marks a premium compared to its industry's average Forward P/E of 9.37.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 171, putting it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Enterprise Products Partners (EPD - Free Report) closed at $22.82 in the latest trading session, marking a +1.51% move from the prior day. This change outpaced the S&P 500's 0.28% gain on the day.
Heading into today, shares of the provider of midstream energy services had gained 1.03% over the past month, outpacing the Oils-Energy sector's loss of 0.07% and lagging the S&P 500's gain of 3.07% in that time.
EPD will be looking to display strength as it nears its next earnings release. In that report, analysts expect EPD to post earnings of $0.52 per share. This would mark year-over-year growth of 8.33%. Our most recent consensus estimate is calling for quarterly revenue of $8.99 billion, up 29.86% from the year-ago period.
EPD's full-year Zacks Consensus Estimates are calling for earnings of $2.17 per share and revenue of $36.69 billion. These results would represent year-over-year changes of +2.84% and +34.88%, respectively.
Investors should also note any recent changes to analyst estimates for EPD. These recent revisions tend to reflect the evolving nature of short-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. 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, 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. Within the past 30 days, our consensus EPS projection has moved 0.96% lower. EPD currently has a Zacks Rank of #3 (Hold).
Investors should also note EPD's current valuation metrics, including its Forward P/E ratio of 10.37. This valuation marks a premium compared to its industry's average Forward P/E of 9.37.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 171, putting it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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