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Enterprise Products Partners (EPD) Stock Sinks As Market Gains: What You Should Know
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Enterprise Products Partners (EPD - Free Report) closed at $26.04 in the latest trading session, marking a -0.19% move from the prior day. This change lagged the S&P 500's daily gain of 0.08%. Elsewhere, the Dow lost 0.68%, while the tech-heavy Nasdaq lost 0.61%.
Prior to today's trading, shares of the provider of midstream energy services had gained 0.73% over the past month. This has lagged the Oils-Energy sector's gain of 2.92% and the S&P 500's gain of 6.1% in that time.
Wall Street will be looking for positivity from Enterprise Products Partners as it approaches its next earnings report date. The company is expected to report EPS of $0.62, down 3.13% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.35 billion, down 16.89% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.60 per share and revenue of $54.93 billion, which would represent changes of +3.17% and -5.59%, respectively, from the prior year.
Any recent changes to analyst estimates for Enterprise Products Partners should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, 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. The Zacks Consensus EPS estimate has moved 0.5% higher within the past month. Enterprise Products Partners is currently a Zacks Rank #2 (Buy).
Valuation is also important, so investors should note that Enterprise Products Partners has a Forward P/E ratio of 10.05 right now. Its industry sports an average Forward P/E of 11.39, so we one might conclude that Enterprise Products Partners is trading at a discount comparatively.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 222, which puts it in the bottom 12% 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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Enterprise Products Partners (EPD) Stock Sinks As Market Gains: What You Should Know
Enterprise Products Partners (EPD - Free Report) closed at $26.04 in the latest trading session, marking a -0.19% move from the prior day. This change lagged the S&P 500's daily gain of 0.08%. Elsewhere, the Dow lost 0.68%, while the tech-heavy Nasdaq lost 0.61%.
Prior to today's trading, shares of the provider of midstream energy services had gained 0.73% over the past month. This has lagged the Oils-Energy sector's gain of 2.92% and the S&P 500's gain of 6.1% in that time.
Wall Street will be looking for positivity from Enterprise Products Partners as it approaches its next earnings report date. The company is expected to report EPS of $0.62, down 3.13% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.35 billion, down 16.89% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.60 per share and revenue of $54.93 billion, which would represent changes of +3.17% and -5.59%, respectively, from the prior year.
Any recent changes to analyst estimates for Enterprise Products Partners should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, 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. The Zacks Consensus EPS estimate has moved 0.5% higher within the past month. Enterprise Products Partners is currently a Zacks Rank #2 (Buy).
Valuation is also important, so investors should note that Enterprise Products Partners has a Forward P/E ratio of 10.05 right now. Its industry sports an average Forward P/E of 11.39, so we one might conclude that Enterprise Products Partners is trading at a discount comparatively.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 222, which puts it in the bottom 12% 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.