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Enterprise Products Partners (EPD) Gains As Market Dips: What You Should Know
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In the latest trading session, Enterprise Products Partners (EPD - Free Report) closed at $37.92, marking a +1.53% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 1.62%. Meanwhile, the Dow experienced a drop of 1.87%, and the technology-dominated Nasdaq saw a decrease of 1.98%.
The provider of midstream energy services's stock has dropped by 2.12% in the past month, falling short of the Oils-Energy sector's loss of 0.59% and the S&P 500's loss of 0.03%.
The upcoming earnings release of Enterprise Products Partners will be of great interest to investors. The company is forecasted to report an EPS of $0.73, showcasing a 10.61% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $13.49 billion, showing a 18.73% escalation compared to the year-ago quarter.
EPD's full-year Zacks Consensus Estimates are calling for earnings of $2.98 per share and revenue of $56.02 billion. These results would represent year-over-year changes of +12.03% and +6.51%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Enterprise Products Partners. 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 reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.96% higher within the past month. As of now, Enterprise Products Partners holds a Zacks Rank of #3 (Hold).
Digging into valuation, Enterprise Products Partners currently has a Forward P/E ratio of 12.53. This denotes a discount relative to the industry average Forward P/E of 13.38.
We can also see that EPD currently has a PEG ratio of 1.33. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. EPD's industry had an average PEG ratio of 1.33 as of yesterday's close.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 196, finds itself in the bottom 20% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Enterprise Products Partners (EPD) Gains As Market Dips: What You Should Know
In the latest trading session, Enterprise Products Partners (EPD - Free Report) closed at $37.92, marking a +1.53% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 1.62%. Meanwhile, the Dow experienced a drop of 1.87%, and the technology-dominated Nasdaq saw a decrease of 1.98%.
The provider of midstream energy services's stock has dropped by 2.12% in the past month, falling short of the Oils-Energy sector's loss of 0.59% and the S&P 500's loss of 0.03%.
The upcoming earnings release of Enterprise Products Partners will be of great interest to investors. The company is forecasted to report an EPS of $0.73, showcasing a 10.61% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $13.49 billion, showing a 18.73% escalation compared to the year-ago quarter.
EPD's full-year Zacks Consensus Estimates are calling for earnings of $2.98 per share and revenue of $56.02 billion. These results would represent year-over-year changes of +12.03% and +6.51%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Enterprise Products Partners. 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 reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.96% higher within the past month. As of now, Enterprise Products Partners holds a Zacks Rank of #3 (Hold).
Digging into valuation, Enterprise Products Partners currently has a Forward P/E ratio of 12.53. This denotes a discount relative to the industry average Forward P/E of 13.38.
We can also see that EPD currently has a PEG ratio of 1.33. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. EPD's industry had an average PEG ratio of 1.33 as of yesterday's close.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 196, finds itself in the bottom 20% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.