Back to top

Image: Bigstock

Enterprise Products Partners (EPD) Gains As Market Dips: What You Should Know

Read MoreHide Full Article

In the latest trading session, Enterprise Products Partners (EPD - Free Report) closed at $24.43, marking a +0.12% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.11%.

Heading into today, shares of the provider of midstream energy services had gained 11.42% over the past month, lagging the Oils-Energy sector's gain of 15.65% and outpacing the S&P 500's gain of 4.61% in that time.

Investors will be hoping for strength from EPD as it approaches its next earnings release, which is expected to be November 2, 2021. The company is expected to report EPS of $0.52, up 8.33% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.95 billion, up 29.34% from the year-ago period.

EPD's full-year Zacks Consensus Estimates are calling for earnings of $2.17 per share and revenue of $36.59 billion. These results would represent year-over-year changes of +2.84% and +34.51%, respectively.

Investors might also notice 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.17% higher. EPD is holding a Zacks Rank of #3 (Hold) right now.

In terms of valuation, EPD is currently trading at a Forward P/E ratio of 11.26. Its industry sports an average Forward P/E of 11.04, so we one might conclude that EPD is trading at a premium comparatively.

The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 210, putting it in the bottom 18% 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.


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Enterprise Products Partners L.P. (EPD) - free report >>

Published in