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Enterprise Products Partners (EPD) Gains As Market Dips: What You Should Know
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Enterprise Products Partners (EPD - Free Report) closed the most recent trading day at $37.45, moving +1.11% from the previous trading session. This change outpaced the S&P 500's 0.28% loss on the day. Elsewhere, the Dow lost 0.44%, while the tech-heavy Nasdaq lost 0.28%.
The stock of provider of midstream energy services has risen by 2.58% in the past month, lagging the Oils-Energy sector's gain of 8.87% and overreaching the S&P 500's loss of 3.59%.
Investors will be eagerly watching for the performance of Enterprise Products Partners in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.68, signifying a 6.25% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $13.04 billion, showing a 15.4% drop compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.81 per share and a revenue of $52.12 billion, indicating changes of +5.64% and -0.9%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Enterprise Products Partners. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.1% lower. As of now, Enterprise Products Partners holds a Zacks Rank of #3 (Hold).
Looking at its valuation, Enterprise Products Partners is holding a Forward P/E ratio of 13.18. For comparison, its industry has an average Forward P/E of 13.23, which means Enterprise Products Partners is trading at a discount to the group.
Investors should also note that EPD has a PEG ratio of 1.48 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Oil and Gas - Production Pipeline - MLB industry was having an average PEG ratio of 1.48.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 200, positioning it in the bottom 19% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. 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.
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Enterprise Products Partners (EPD) Gains As Market Dips: What You Should Know
Enterprise Products Partners (EPD - Free Report) closed the most recent trading day at $37.45, moving +1.11% from the previous trading session. This change outpaced the S&P 500's 0.28% loss on the day. Elsewhere, the Dow lost 0.44%, while the tech-heavy Nasdaq lost 0.28%.
The stock of provider of midstream energy services has risen by 2.58% in the past month, lagging the Oils-Energy sector's gain of 8.87% and overreaching the S&P 500's loss of 3.59%.
Investors will be eagerly watching for the performance of Enterprise Products Partners in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.68, signifying a 6.25% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $13.04 billion, showing a 15.4% drop compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.81 per share and a revenue of $52.12 billion, indicating changes of +5.64% and -0.9%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Enterprise Products Partners. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.1% lower. As of now, Enterprise Products Partners holds a Zacks Rank of #3 (Hold).
Looking at its valuation, Enterprise Products Partners is holding a Forward P/E ratio of 13.18. For comparison, its industry has an average Forward P/E of 13.23, which means Enterprise Products Partners is trading at a discount to the group.
Investors should also note that EPD has a PEG ratio of 1.48 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Oil and Gas - Production Pipeline - MLB industry was having an average PEG ratio of 1.48.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 200, positioning it in the bottom 19% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. 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.