We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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) Stock Falls Amid Market Uptick: What Investors Need to Know
Read MoreHide Full Article
In the latest close session, Enterprise Products Partners (EPD - Free Report) was down 1.17% at $31.26. The stock fell short of the S&P 500, which registered a gain of 0.26% for the day. At the same time, the Dow added 0.15%, and the tech-heavy Nasdaq gained 0.48%.
The provider of midstream energy services's shares have seen a decrease of 1.59% over the last month, not keeping up with the Oils-Energy sector's gain of 4.06% and the S&P 500's gain of 2.87%.
The investment community will be paying close attention to the earnings performance of Enterprise Products Partners in its upcoming release. The company's upcoming EPS is projected at $0.68, signifying a 4.62% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $12.7 billion, down 7.77% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.7 per share and a revenue of $52.39 billion, representing changes of +0.37% and -6.81%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Enterprise Products Partners. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.22% decrease. Right now, Enterprise Products Partners possesses a Zacks Rank of #3 (Hold).
With respect to valuation, Enterprise Products Partners is currently being traded at a Forward P/E ratio of 11.73. This expresses a discount compared to the average Forward P/E of 12.41 of its industry.
It's also important to note that EPD currently trades at a PEG ratio of 2.25. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Oil and Gas - Production Pipeline - MLB industry stood at 1.42 at the close of the market 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 64, positioning it in the top 26% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Enterprise Products Partners (EPD) Stock Falls Amid Market Uptick: What Investors Need to Know
In the latest close session, Enterprise Products Partners (EPD - Free Report) was down 1.17% at $31.26. The stock fell short of the S&P 500, which registered a gain of 0.26% for the day. At the same time, the Dow added 0.15%, and the tech-heavy Nasdaq gained 0.48%.
The provider of midstream energy services's shares have seen a decrease of 1.59% over the last month, not keeping up with the Oils-Energy sector's gain of 4.06% and the S&P 500's gain of 2.87%.
The investment community will be paying close attention to the earnings performance of Enterprise Products Partners in its upcoming release. The company's upcoming EPS is projected at $0.68, signifying a 4.62% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $12.7 billion, down 7.77% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.7 per share and a revenue of $52.39 billion, representing changes of +0.37% and -6.81%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Enterprise Products Partners. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.22% decrease. Right now, Enterprise Products Partners possesses a Zacks Rank of #3 (Hold).
With respect to valuation, Enterprise Products Partners is currently being traded at a Forward P/E ratio of 11.73. This expresses a discount compared to the average Forward P/E of 12.41 of its industry.
It's also important to note that EPD currently trades at a PEG ratio of 2.25. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Oil and Gas - Production Pipeline - MLB industry stood at 1.42 at the close of the market 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 64, positioning it in the top 26% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.