We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Enterprise Products Partners (EPD) Rises Higher Than Market: Key Facts
Read MoreHide Full Article
Enterprise Products Partners (EPD - Free Report) closed the latest trading day at $29.45, indicating a +0.68% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 0.61%. Meanwhile, the Dow gained 0.97%, and the Nasdaq, a tech-heavy index, added 0.33%.
Coming into today, shares of the provider of midstream energy services had lost 0.51% in the past month. In that same time, the Oils-Energy sector lost 2.26%, while the S&P 500 gained 5.36%.
The upcoming earnings release of Enterprise Products Partners will be of great interest to investors. The company's earnings report is expected on October 29, 2024. The company is expected to report EPS of $0.68, up 13.33% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $13.78 billion, showing a 14.89% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.71 per share and revenue of $56.37 billion, which would represent changes of +7.11% and +13.38%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Enterprise Products Partners. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 witnessed a 0.15% decrease. 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 10.78. For comparison, its industry has an average Forward P/E of 12.41, which means Enterprise Products Partners is trading at a discount to the group.
We can also see that EPD currently has a PEG ratio of 1.5. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Oil and Gas - Production Pipeline - MLB industry had an average PEG ratio of 1.5 as trading concluded yesterday.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 225, positioning it in the bottom 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow EPD in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Enterprise Products Partners (EPD) Rises Higher Than Market: Key Facts
Enterprise Products Partners (EPD - Free Report) closed the latest trading day at $29.45, indicating a +0.68% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 0.61%. Meanwhile, the Dow gained 0.97%, and the Nasdaq, a tech-heavy index, added 0.33%.
Coming into today, shares of the provider of midstream energy services had lost 0.51% in the past month. In that same time, the Oils-Energy sector lost 2.26%, while the S&P 500 gained 5.36%.
The upcoming earnings release of Enterprise Products Partners will be of great interest to investors. The company's earnings report is expected on October 29, 2024. The company is expected to report EPS of $0.68, up 13.33% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $13.78 billion, showing a 14.89% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.71 per share and revenue of $56.37 billion, which would represent changes of +7.11% and +13.38%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Enterprise Products Partners. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 witnessed a 0.15% decrease. 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 10.78. For comparison, its industry has an average Forward P/E of 12.41, which means Enterprise Products Partners is trading at a discount to the group.
We can also see that EPD currently has a PEG ratio of 1.5. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Oil and Gas - Production Pipeline - MLB industry had an average PEG ratio of 1.5 as trading concluded yesterday.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 225, positioning it in the bottom 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow EPD in the coming trading sessions, be sure to utilize Zacks.com.