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Energy Transfer LP (ET) Increases Despite Market Slip: Here's What You Need to Know
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Energy Transfer LP (ET - Free Report) closed the most recent trading day at $17.40, moving +1.69% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.29%. Elsewhere, the Dow lost 0.37%, while the tech-heavy Nasdaq lost 0.34%.
The stock of energy-related services provider has fallen by 2.73% in the past month, lagging the Oils-Energy sector's gain of 2.23% and the S&P 500's gain of 3.08%.
The investment community will be closely monitoring the performance of Energy Transfer LP in its forthcoming earnings report. In that report, analysts expect Energy Transfer LP to post earnings of $0.34 per share. This would mark year-over-year growth of 6.25%. Alongside, our most recent consensus estimate is anticipating revenue of $22.95 billion, indicating a 10.48% upward movement from the same quarter last year.
ET's full-year Zacks Consensus Estimates are calling for earnings of $1.38 per share and revenue of $86.65 billion. These results would represent year-over-year changes of +7.81% and +4.81%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Energy Transfer LP. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.29% lower within the past month. Currently, Energy Transfer LP is carrying a Zacks Rank of #3 (Hold).
Looking at its valuation, Energy Transfer LP is holding a Forward P/E ratio of 12.36. This signifies a premium in comparison to the average Forward P/E of 12.02 for its industry.
One should further note that ET currently holds a PEG ratio of 1.01. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Oil and Gas - Production Pipeline - MLB industry had an average PEG ratio of 1.41.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 66, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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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Energy Transfer LP (ET) Increases Despite Market Slip: Here's What You Need to Know
Energy Transfer LP (ET - Free Report) closed the most recent trading day at $17.40, moving +1.69% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.29%. Elsewhere, the Dow lost 0.37%, while the tech-heavy Nasdaq lost 0.34%.
The stock of energy-related services provider has fallen by 2.73% in the past month, lagging the Oils-Energy sector's gain of 2.23% and the S&P 500's gain of 3.08%.
The investment community will be closely monitoring the performance of Energy Transfer LP in its forthcoming earnings report. In that report, analysts expect Energy Transfer LP to post earnings of $0.34 per share. This would mark year-over-year growth of 6.25%. Alongside, our most recent consensus estimate is anticipating revenue of $22.95 billion, indicating a 10.48% upward movement from the same quarter last year.
ET's full-year Zacks Consensus Estimates are calling for earnings of $1.38 per share and revenue of $86.65 billion. These results would represent year-over-year changes of +7.81% and +4.81%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Energy Transfer LP. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.29% lower within the past month. Currently, Energy Transfer LP is carrying a Zacks Rank of #3 (Hold).
Looking at its valuation, Energy Transfer LP is holding a Forward P/E ratio of 12.36. This signifies a premium in comparison to the average Forward P/E of 12.02 for its industry.
One should further note that ET currently holds a PEG ratio of 1.01. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Oil and Gas - Production Pipeline - MLB industry had an average PEG ratio of 1.41.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 66, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.