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Western Midstream (WES) Up 2.9% Since Last Earnings Report: Can It Continue?
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It has been about a month since the last earnings report for Western Midstream (WES - Free Report) . Shares have added about 2.9% in that time frame, underperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Western Midstream due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
How Have Estimates Been Moving Since Then?
It turns out, estimates revision flatlined during the past month.
VGM Scores
At this time, Western Midstream has an average Growth Score of C, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a grade of B on the value side, putting it in the second quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Western Midstream has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Western Midstream is part of the Zacks Oil and Gas - Refining and Marketing - Master Limited Partnerships industry. Over the past month, Targa Resources, Inc. (TRGP - Free Report) , a stock from the same industry, has gained 2.6%. The company reported its results for the quarter ended March 2025 more than a month ago.
Targa Resources reported revenues of $4.56 billion in the last reported quarter, representing a year-over-year change of 0%. EPS of $0.91 for the same period compares with $1.22 a year ago.
Targa Resources is expected to post earnings of $1.95 per share for the current quarter, representing a year-over-year change of +46.6%. Over the last 30 days, the Zacks Consensus Estimate has changed -2.4%.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Targa Resources. Also, the stock has a VGM Score of B.
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Western Midstream (WES) Up 2.9% Since Last Earnings Report: Can It Continue?
It has been about a month since the last earnings report for Western Midstream (WES - Free Report) . Shares have added about 2.9% in that time frame, underperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Western Midstream due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
How Have Estimates Been Moving Since Then?
It turns out, estimates revision flatlined during the past month.
VGM Scores
At this time, Western Midstream has an average Growth Score of C, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a grade of B on the value side, putting it in the second quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Western Midstream has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Western Midstream is part of the Zacks Oil and Gas - Refining and Marketing - Master Limited Partnerships industry. Over the past month, Targa Resources, Inc. (TRGP - Free Report) , a stock from the same industry, has gained 2.6%. The company reported its results for the quarter ended March 2025 more than a month ago.
Targa Resources reported revenues of $4.56 billion in the last reported quarter, representing a year-over-year change of 0%. EPS of $0.91 for the same period compares with $1.22 a year ago.
Targa Resources is expected to post earnings of $1.95 per share for the current quarter, representing a year-over-year change of +46.6%. Over the last 30 days, the Zacks Consensus Estimate has changed -2.4%.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Targa Resources. Also, the stock has a VGM Score of B.