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Williams Companies, Inc. (The) (WMB) Stock Sinks As Market Gains: What You Should Know
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Williams Companies, Inc. (The) (WMB - Free Report) closed at $31.86 in the latest trading session, marking a -1.18% move from the prior day. This change lagged the S&P 500's 1.05% gain on the day. Meanwhile, the Dow gained 0.02%, and the Nasdaq, a tech-heavy index, added 9.7%.
Prior to today's trading, shares of the pipeline operator had gained 0.28% over the past month. This has lagged the Oils-Energy sector's gain of 3.04% and the S&P 500's gain of 6.27% in that time.
Wall Street will be looking for positivity from Williams Companies, Inc. (The) as it approaches its next earnings report date. This is expected to be February 20, 2023. On that day, Williams Companies, Inc. (The) is projected to report earnings of $0.48 per share, which would represent year-over-year growth of 23.08%. Meanwhile, our latest consensus estimate is calling for revenue of $3.08 billion, down 5.59% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for Williams Companies, Inc. (The). Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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.
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. Within the past 30 days, our consensus EPS projection has moved 0.28% higher. Williams Companies, Inc. (The) is currently a Zacks Rank #3 (Hold).
In terms of valuation, Williams Companies, Inc. (The) is currently trading at a Forward P/E ratio of 17.9. For comparison, its industry has an average Forward P/E of 16.53, which means Williams Companies, Inc. (The) is trading at a premium to the group.
Investors should also note that WMB has a PEG ratio of 5.11 right now. 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. The Oil and Gas - Production and Pipelines was holding an average PEG ratio of 4.18 at yesterday's closing price.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 75, which puts it in the top 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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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Williams Companies, Inc. (The) (WMB) Stock Sinks As Market Gains: What You Should Know
Williams Companies, Inc. (The) (WMB - Free Report) closed at $31.86 in the latest trading session, marking a -1.18% move from the prior day. This change lagged the S&P 500's 1.05% gain on the day. Meanwhile, the Dow gained 0.02%, and the Nasdaq, a tech-heavy index, added 9.7%.
Prior to today's trading, shares of the pipeline operator had gained 0.28% over the past month. This has lagged the Oils-Energy sector's gain of 3.04% and the S&P 500's gain of 6.27% in that time.
Wall Street will be looking for positivity from Williams Companies, Inc. (The) as it approaches its next earnings report date. This is expected to be February 20, 2023. On that day, Williams Companies, Inc. (The) is projected to report earnings of $0.48 per share, which would represent year-over-year growth of 23.08%. Meanwhile, our latest consensus estimate is calling for revenue of $3.08 billion, down 5.59% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for Williams Companies, Inc. (The). Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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.
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. Within the past 30 days, our consensus EPS projection has moved 0.28% higher. Williams Companies, Inc. (The) is currently a Zacks Rank #3 (Hold).
In terms of valuation, Williams Companies, Inc. (The) is currently trading at a Forward P/E ratio of 17.9. For comparison, its industry has an average Forward P/E of 16.53, which means Williams Companies, Inc. (The) is trading at a premium to the group.
Investors should also note that WMB has a PEG ratio of 5.11 right now. 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. The Oil and Gas - Production and Pipelines was holding an average PEG ratio of 4.18 at yesterday's closing price.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 75, which puts it in the top 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.