The latest trading session saw Enterprise Products Partners (EPD - Free Report) ending at $28.84, denoting a +1.41% adjustment from its last day's close. The stock's change was more than the S&P 500's daily loss of 0.88%. At the same time, the Dow added 0.56%, and the tech-heavy Nasdaq lost 2.05%.
The the stock of provider of midstream energy services has fallen by 1.22% in the past month, lagging the Oils-Energy sector's gain of 2.78% and overreaching the S&P 500's loss of 2.57%.
Market participants will be closely following the financial results of Enterprise Products Partners in its upcoming release. The company is forecasted to report an EPS of $0.64, showcasing no movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $13.44 billion, up 8.04% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.63 per share and a revenue of $54.74 billion, signifying shifts of +3.95% and +10.1%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Enterprise Products Partners. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.01% lower. Enterprise Products Partners currently has a Zacks Rank of #3 (Hold).
With respect to valuation, Enterprise Products Partners is currently being traded at a Forward P/E ratio of 10.82. This denotes a discount relative to the industry's average Forward P/E of 12.47.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 172, putting it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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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The latest trading session saw Enterprise Products Partners (EPD - Free Report) ending at $28.84, denoting a +1.41% adjustment from its last day's close. The stock's change was more than the S&P 500's daily loss of 0.88%. At the same time, the Dow added 0.56%, and the tech-heavy Nasdaq lost 2.05%.
The the stock of provider of midstream energy services has fallen by 1.22% in the past month, lagging the Oils-Energy sector's gain of 2.78% and overreaching the S&P 500's loss of 2.57%.
Market participants will be closely following the financial results of Enterprise Products Partners in its upcoming release. The company is forecasted to report an EPS of $0.64, showcasing no movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $13.44 billion, up 8.04% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.63 per share and a revenue of $54.74 billion, signifying shifts of +3.95% and +10.1%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Enterprise Products Partners. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.01% lower. Enterprise Products Partners currently has a Zacks Rank of #3 (Hold).
With respect to valuation, Enterprise Products Partners is currently being traded at a Forward P/E ratio of 10.82. This denotes a discount relative to the industry's average Forward P/E of 12.47.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 172, putting it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.
Top 5 Dividend Stocks for Your Retirement
Zacks targets 5 well-established companies with solid fundamentals and a history of raising dividends. More importantly, they have the resources and will to likely pay them in the future.
Click now for a Special Report packed with unconventional wisdom and insights you simply won’t get from your neighborhood financial planner.
See our Top 5 now – the report is FREE >>
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