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Western Midstream (WES) Stock Sinks As Market Gains: What You Should Know
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Western Midstream (WES - Free Report) ended the recent trading session at $41.67, demonstrating a -1.33% change from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.26%. At the same time, the Dow added 0.6%, and the tech-heavy Nasdaq gained 0.25%.
Shares of the oil and gas transportation and storage company have appreciated by 7.76% over the course of the past month, outperforming the Oils-Energy sector's gain of 3.32%, and the S&P 500's gain of 1.57%.
Market participants will be closely following the financial results of Western Midstream in its upcoming release. It is anticipated that the company will report an EPS of $0.98, marking a 15.29% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.12 billion, reflecting a 20.81% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.52 per share and revenue of $3.93 billion. These totals would mark changes of -12.44% and 0%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Western Midstream. These recent revisions tend to reflect the evolving nature of short-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. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Western Midstream is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Western Midstream is holding a Forward P/E ratio of 11.42. This indicates a discount in contrast to its industry's Forward P/E of 16.87.
The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 38, which puts it in the top 16% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Western Midstream (WES) Stock Sinks As Market Gains: What You Should Know
Western Midstream (WES - Free Report) ended the recent trading session at $41.67, demonstrating a -1.33% change from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.26%. At the same time, the Dow added 0.6%, and the tech-heavy Nasdaq gained 0.25%.
Shares of the oil and gas transportation and storage company have appreciated by 7.76% over the course of the past month, outperforming the Oils-Energy sector's gain of 3.32%, and the S&P 500's gain of 1.57%.
Market participants will be closely following the financial results of Western Midstream in its upcoming release. It is anticipated that the company will report an EPS of $0.98, marking a 15.29% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.12 billion, reflecting a 20.81% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.52 per share and revenue of $3.93 billion. These totals would mark changes of -12.44% and 0%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Western Midstream. These recent revisions tend to reflect the evolving nature of short-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. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Western Midstream is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Western Midstream is holding a Forward P/E ratio of 11.42. This indicates a discount in contrast to its industry's Forward P/E of 16.87.
The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 38, which puts it in the top 16% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.