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Western Midstream (WES) Gains As Market Dips: What You Should Know
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Western Midstream (WES - Free Report) closed the most recent trading day at $47.06, moving +1.01% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.14%. On the other hand, the Dow registered a loss of 0.01%, and the technology-centric Nasdaq decreased by 0.57%.
The stock of oil and gas transportation and storage company has risen by 7.08% in the past month, leading the Oils-Energy sector's gain of 5.65% and the S&P 500's gain of 0.25%.
Analysts and investors alike will be keeping a close eye on the performance of Western Midstream in its upcoming earnings disclosure. The company's earnings report is set to go public on August 5, 2026. The company is expected to report EPS of $0.88, up 1.15% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $1.11 billion, indicating a 17.75% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.47 per share and a revenue of $4.45 billion, signifying shifts of +16.44% and +15.76%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Western Midstream. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.75% higher within the past month. Western Midstream currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Western Midstream has a Forward P/E ratio of 13.44 right now. For comparison, its industry has an average Forward P/E of 13.44, which means Western Midstream is trading at no noticeable deviation to the group.
We can also see that WES currently has a PEG ratio of 1.95. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry held an average PEG ratio of 1.69.
The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 22, placing it within the top 9% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Western Midstream (WES) Gains As Market Dips: What You Should Know
Western Midstream (WES - Free Report) closed the most recent trading day at $47.06, moving +1.01% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.14%. On the other hand, the Dow registered a loss of 0.01%, and the technology-centric Nasdaq decreased by 0.57%.
The stock of oil and gas transportation and storage company has risen by 7.08% in the past month, leading the Oils-Energy sector's gain of 5.65% and the S&P 500's gain of 0.25%.
Analysts and investors alike will be keeping a close eye on the performance of Western Midstream in its upcoming earnings disclosure. The company's earnings report is set to go public on August 5, 2026. The company is expected to report EPS of $0.88, up 1.15% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $1.11 billion, indicating a 17.75% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.47 per share and a revenue of $4.45 billion, signifying shifts of +16.44% and +15.76%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Western Midstream. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.75% higher within the past month. Western Midstream currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Western Midstream has a Forward P/E ratio of 13.44 right now. For comparison, its industry has an average Forward P/E of 13.44, which means Western Midstream is trading at no noticeable deviation to the group.
We can also see that WES currently has a PEG ratio of 1.95. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry held an average PEG ratio of 1.69.
The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 22, placing it within the top 9% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.