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Energy Transfer LP (ET) Falls More Steeply Than Broader Market: What Investors Need to Know
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Energy Transfer LP (ET - Free Report) ended the recent trading session at $21.11, demonstrating a -1.05% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.45%. On the other hand, the Dow registered a loss of 1.21%, and the technology-centric Nasdaq decreased by 0.01%.
The stock of energy-related services provider has fallen by 0.42% in the past month, lagging the Oils-Energy sector's gain of 3.72% and overreaching the S&P 500's loss of 2.43%.
The investment community will be closely monitoring the performance of Energy Transfer LP in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.41, reflecting a 46.43% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $34.97 billion, reflecting a 75.27% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.74 per share and revenue of $120.64 billion, which would represent changes of +43.8% and +41.03%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Energy Transfer LP. 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.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. The Zacks Consensus EPS estimate has moved 4.9% higher within the past month. Right now, Energy Transfer LP possesses a Zacks Rank of #3 (Hold).
Investors should also note Energy Transfer LP's current valuation metrics, including its Forward P/E ratio of 12.26. This signifies a discount in comparison to the average Forward P/E of 14.55 for its industry.
One should further note that ET currently holds a PEG ratio of 0.71. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Oil and Gas - Production Pipeline - MLB stocks are, on average, holding a PEG ratio of 2.07 based on yesterday's closing prices.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 77, which puts it in the top 32% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.
View the Zacks #1 Rank List
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Energy Transfer LP (ET) Falls More Steeply Than Broader Market: What Investors Need to Know
Energy Transfer LP (ET - Free Report) ended the recent trading session at $21.11, demonstrating a -1.05% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.45%. On the other hand, the Dow registered a loss of 1.21%, and the technology-centric Nasdaq decreased by 0.01%.
The stock of energy-related services provider has fallen by 0.42% in the past month, lagging the Oils-Energy sector's gain of 3.72% and overreaching the S&P 500's loss of 2.43%.
The investment community will be closely monitoring the performance of Energy Transfer LP in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.41, reflecting a 46.43% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $34.97 billion, reflecting a 75.27% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.74 per share and revenue of $120.64 billion, which would represent changes of +43.8% and +41.03%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Energy Transfer LP. 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.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. The Zacks Consensus EPS estimate has moved 4.9% higher within the past month. Right now, Energy Transfer LP possesses a Zacks Rank of #3 (Hold).
Investors should also note Energy Transfer LP's current valuation metrics, including its Forward P/E ratio of 12.26. This signifies a discount in comparison to the average Forward P/E of 14.55 for its industry.
One should further note that ET currently holds a PEG ratio of 0.71. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Oil and Gas - Production Pipeline - MLB stocks are, on average, holding a PEG ratio of 2.07 based on yesterday's closing prices.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 77, which puts it in the top 32% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.