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Western Midstream (WES) Registers a Bigger Fall Than the Market: Important Facts to Note
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Western Midstream (WES - Free Report) closed the most recent trading day at $43.13, moving -1.44% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.22%. Meanwhile, the Dow lost 0.03%, and the Nasdaq, a tech-heavy index, lost 0.66%.
The oil and gas transportation and storage company's stock has climbed by 0.32% in the past month, exceeding the Oils-Energy sector's loss of 4.76% and the S&P 500's loss of 1.21%.
Investors will be eagerly watching for the performance of Western Midstream in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.85, marking a 2.3% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $1.11 billion, up 17.75% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.44 per share and a revenue of $4.45 billion, indicating changes of +15.44% and +15.76%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Western Midstream. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business 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 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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Western Midstream currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Western Midstream currently has a Forward P/E ratio of 12.72. This expresses no noticeable deviation compared to the average Forward P/E of 12.72 of its industry.
One should further note that WES currently holds a PEG ratio of 1.84. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry held an average PEG ratio of 1.61.
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 23, which puts it in the top 10% 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.
View the Zacks #1 Rank List
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Western Midstream (WES) Registers a Bigger Fall Than the Market: Important Facts to Note
Western Midstream (WES - Free Report) closed the most recent trading day at $43.13, moving -1.44% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.22%. Meanwhile, the Dow lost 0.03%, and the Nasdaq, a tech-heavy index, lost 0.66%.
The oil and gas transportation and storage company's stock has climbed by 0.32% in the past month, exceeding the Oils-Energy sector's loss of 4.76% and the S&P 500's loss of 1.21%.
Investors will be eagerly watching for the performance of Western Midstream in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.85, marking a 2.3% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $1.11 billion, up 17.75% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.44 per share and a revenue of $4.45 billion, indicating changes of +15.44% and +15.76%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Western Midstream. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business 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 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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Western Midstream currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Western Midstream currently has a Forward P/E ratio of 12.72. This expresses no noticeable deviation compared to the average Forward P/E of 12.72 of its industry.
One should further note that WES currently holds a PEG ratio of 1.84. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry held an average PEG ratio of 1.61.
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 23, which puts it in the top 10% 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.