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Energy Transfer LP (ET) Rises Higher Than Market: Key Facts
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In the latest close session, Energy Transfer LP (ET - Free Report) was up +1.67% at $20.10. The stock's change was more than the S&P 500's daily gain of 0.2%. Elsewhere, the Dow gained 0.04%, while the tech-heavy Nasdaq added 0.04%.
The energy-related services provider's stock has dropped by 8.22% in the past month, falling short of the Oils-Energy sector's loss of 2.32% and the S&P 500's loss of 0.35%.
The investment community will be closely monitoring the performance of Energy Transfer LP in its forthcoming earnings report. The company is expected to report EPS of $0.4, up 42.86% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $35.6 billion, showing a 78.41% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.73 per share and a revenue of $122.42 billion, indicating changes of +42.98% and +43.13%, respectively, from the former year.
Any recent changes to analyst estimates for Energy Transfer LP should also be noted by investors. 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 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.76% higher. Currently, Energy Transfer LP is carrying a Zacks Rank of #3 (Hold).
With respect to valuation, Energy Transfer LP is currently being traded at a Forward P/E ratio of 11.43. This indicates a discount in contrast to its industry's Forward P/E of 13.42.
Also, we should mention that ET has a PEG ratio of 0.66. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Oil and Gas - Production Pipeline - MLB industry had an average PEG ratio of 1.88 as trading concluded yesterday.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 59, finds itself in the top 24% echelons 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Energy Transfer LP (ET) Rises Higher Than Market: Key Facts
In the latest close session, Energy Transfer LP (ET - Free Report) was up +1.67% at $20.10. The stock's change was more than the S&P 500's daily gain of 0.2%. Elsewhere, the Dow gained 0.04%, while the tech-heavy Nasdaq added 0.04%.
The energy-related services provider's stock has dropped by 8.22% in the past month, falling short of the Oils-Energy sector's loss of 2.32% and the S&P 500's loss of 0.35%.
The investment community will be closely monitoring the performance of Energy Transfer LP in its forthcoming earnings report. The company is expected to report EPS of $0.4, up 42.86% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $35.6 billion, showing a 78.41% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.73 per share and a revenue of $122.42 billion, indicating changes of +42.98% and +43.13%, respectively, from the former year.
Any recent changes to analyst estimates for Energy Transfer LP should also be noted by investors. 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 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.76% higher. Currently, Energy Transfer LP is carrying a Zacks Rank of #3 (Hold).
With respect to valuation, Energy Transfer LP is currently being traded at a Forward P/E ratio of 11.43. This indicates a discount in contrast to its industry's Forward P/E of 13.42.
Also, we should mention that ET has a PEG ratio of 0.66. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Oil and Gas - Production Pipeline - MLB industry had an average PEG ratio of 1.88 as trading concluded yesterday.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 59, finds itself in the top 24% echelons 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.