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Why Enterprise Products Partners (EPD) Outpaced the Stock Market Today
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Enterprise Products Partners (EPD - Free Report) closed at $36.80 in the latest trading session, marking a +1.71% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.66%. On the other hand, the Dow registered a gain of 0.18%, and the technology-centric Nasdaq increased by 1.05%.
Shares of the provider of midstream energy services witnessed a loss of 7.09% over the previous month, trailing the performance of the Oils-Energy sector with its loss of 2.73%, and the S&P 500's gain of 0.55%.
Analysts and investors alike will be keeping a close eye on the performance of Enterprise Products Partners in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.75, indicating a 22.95% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $15.35 billion, up 27.65% from the prior-year quarter.
EPD's full-year Zacks Consensus Estimates are calling for earnings of $3.02 per share and revenue of $63.5 billion. These results would represent year-over-year changes of +13.53% and +20.74%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Enterprise Products Partners. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.35% lower within the past month. Currently, Enterprise Products Partners is carrying a Zacks Rank of #3 (Hold).
Investors should also note Enterprise Products Partners's current valuation metrics, including its Forward P/E ratio of 11.97. This signifies a discount in comparison to the average Forward P/E of 13.57 for its industry.
Also, we should mention that EPD has a PEG ratio of 1.33. 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 the market closed yesterday, the Oil and Gas - Production Pipeline - MLB industry was having an average PEG ratio of 1.9.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 54, putting it in the top 22% of all 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Why Enterprise Products Partners (EPD) Outpaced the Stock Market Today
Enterprise Products Partners (EPD - Free Report) closed at $36.80 in the latest trading session, marking a +1.71% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.66%. On the other hand, the Dow registered a gain of 0.18%, and the technology-centric Nasdaq increased by 1.05%.
Shares of the provider of midstream energy services witnessed a loss of 7.09% over the previous month, trailing the performance of the Oils-Energy sector with its loss of 2.73%, and the S&P 500's gain of 0.55%.
Analysts and investors alike will be keeping a close eye on the performance of Enterprise Products Partners in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.75, indicating a 22.95% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $15.35 billion, up 27.65% from the prior-year quarter.
EPD's full-year Zacks Consensus Estimates are calling for earnings of $3.02 per share and revenue of $63.5 billion. These results would represent year-over-year changes of +13.53% and +20.74%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Enterprise Products Partners. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.35% lower within the past month. Currently, Enterprise Products Partners is carrying a Zacks Rank of #3 (Hold).
Investors should also note Enterprise Products Partners's current valuation metrics, including its Forward P/E ratio of 11.97. This signifies a discount in comparison to the average Forward P/E of 13.57 for its industry.
Also, we should mention that EPD has a PEG ratio of 1.33. 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 the market closed yesterday, the Oil and Gas - Production Pipeline - MLB industry was having an average PEG ratio of 1.9.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 54, putting it in the top 22% of all 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.