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Plains All American Pipeline (PAA) Dips More Than Broader Markets: What You Should Know
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Plains All American Pipeline (PAA - Free Report) closed the most recent trading day at $15.32, moving -0.58% from the previous trading session. This move lagged the S&P 500's daily loss of 0.27%. Elsewhere, the Dow lost 0.47%, while the tech-heavy Nasdaq added 0.14%.
Prior to today's trading, shares of the oil and gas transportation and storage company had gained 1.05% over the past month. This has lagged the Oils-Energy sector's gain of 4.61% and outpaced the S&P 500's loss of 2.86% in that time.
Investors will be hoping for strength from Plains All American Pipeline as it approaches its next earnings release. The company is expected to report EPS of $0.23, down 30.3% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $15.3 billion, up 6.71% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.28 per share and revenue of $57.05 billion. These totals would mark changes of +1.59% and -0.5%, respectively, from last year.
Any recent changes to analyst estimates for Plains All American Pipeline should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-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. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Plains All American Pipeline currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Plains All American Pipeline is holding a Forward P/E ratio of 12.06. For comparison, its industry has an average Forward P/E of 12.06, which means Plains All American Pipeline is trading at a no noticeable deviation to the group.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 195, putting it in the bottom 23% 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.
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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Plains All American Pipeline (PAA) Dips More Than Broader Markets: What You Should Know
Plains All American Pipeline (PAA - Free Report) closed the most recent trading day at $15.32, moving -0.58% from the previous trading session. This move lagged the S&P 500's daily loss of 0.27%. Elsewhere, the Dow lost 0.47%, while the tech-heavy Nasdaq added 0.14%.
Prior to today's trading, shares of the oil and gas transportation and storage company had gained 1.05% over the past month. This has lagged the Oils-Energy sector's gain of 4.61% and outpaced the S&P 500's loss of 2.86% in that time.
Investors will be hoping for strength from Plains All American Pipeline as it approaches its next earnings release. The company is expected to report EPS of $0.23, down 30.3% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $15.3 billion, up 6.71% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.28 per share and revenue of $57.05 billion. These totals would mark changes of +1.59% and -0.5%, respectively, from last year.
Any recent changes to analyst estimates for Plains All American Pipeline should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-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. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Plains All American Pipeline currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Plains All American Pipeline is holding a Forward P/E ratio of 12.06. For comparison, its industry has an average Forward P/E of 12.06, which means Plains All American Pipeline is trading at a no noticeable deviation to the group.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 195, putting it in the bottom 23% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.