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Enterprise Products Partners (EPD) Suffers a Larger Drop Than the General Market: Key Insights
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Enterprise Products Partners (EPD - Free Report) ended the recent trading session at $38.09, demonstrating a -1.86% change from the preceding day's closing price. This change lagged the S&P 500's 0.45% loss on the day. Elsewhere, the Dow saw a downswing of 1.21%, while the tech-heavy Nasdaq depreciated by 0.01%.
Shares of the provider of midstream energy services have appreciated by 0.44% over the course of the past month, underperforming the Oils-Energy sector's gain of 3.72%, and outperforming the S&P 500's loss of 2.43%.
The investment community will be closely monitoring the performance of Enterprise Products Partners in its forthcoming earnings report. The company is forecasted to report an EPS of $0.75, showcasing a 22.95% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $15.13 billion, indicating a 25.86% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.03 per share and a revenue of $63.08 billion, representing changes of +13.91% and +19.94%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Enterprise Products Partners. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Over the past month, the Zacks Consensus EPS estimate has shifted 1.59% upward. Enterprise Products Partners presently features a Zacks Rank of #3 (Hold).
In the context of valuation, Enterprise Products Partners is at present trading with a Forward P/E ratio of 12.82. Its industry sports an average Forward P/E of 14.55, so one might conclude that Enterprise Products Partners is trading at a discount comparatively.
Also, we should mention that EPD has a PEG ratio of 1.42. 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. As of the close of trade yesterday, the Oil and Gas - Production Pipeline - MLB industry held an average PEG ratio of 2.07.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 77, finds itself in the top 32% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Enterprise Products Partners (EPD) Suffers a Larger Drop Than the General Market: Key Insights
Enterprise Products Partners (EPD - Free Report) ended the recent trading session at $38.09, demonstrating a -1.86% change from the preceding day's closing price. This change lagged the S&P 500's 0.45% loss on the day. Elsewhere, the Dow saw a downswing of 1.21%, while the tech-heavy Nasdaq depreciated by 0.01%.
Shares of the provider of midstream energy services have appreciated by 0.44% over the course of the past month, underperforming the Oils-Energy sector's gain of 3.72%, and outperforming the S&P 500's loss of 2.43%.
The investment community will be closely monitoring the performance of Enterprise Products Partners in its forthcoming earnings report. The company is forecasted to report an EPS of $0.75, showcasing a 22.95% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $15.13 billion, indicating a 25.86% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.03 per share and a revenue of $63.08 billion, representing changes of +13.91% and +19.94%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Enterprise Products Partners. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Over the past month, the Zacks Consensus EPS estimate has shifted 1.59% upward. Enterprise Products Partners presently features a Zacks Rank of #3 (Hold).
In the context of valuation, Enterprise Products Partners is at present trading with a Forward P/E ratio of 12.82. Its industry sports an average Forward P/E of 14.55, so one might conclude that Enterprise Products Partners is trading at a discount comparatively.
Also, we should mention that EPD has a PEG ratio of 1.42. 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. As of the close of trade yesterday, the Oil and Gas - Production Pipeline - MLB industry held an average PEG ratio of 2.07.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 77, finds itself in the top 32% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.