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Western Midstream (WES) Advances While Market Declines: Some Information for Investors
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In the latest close session, Western Midstream (WES - Free Report) was up +1.51% at $45.13. This move outpaced the S&P 500's daily loss of 0.52%. At the same time, the Dow lost 1.24%, and the tech-heavy Nasdaq lost 0.21%.
The oil and gas transportation and storage company's shares have seen a decrease of 1.96% over the last month, not keeping up with the Oils-Energy sector's gain of 5.63% and the S&P 500's loss of 1.21%.
The investment community will be paying close attention to the earnings performance of Western Midstream in its upcoming release. The company is slated to reveal its earnings on November 4, 2026. The company is expected to report EPS of $0.88, up 1.15% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $1.19 billion, indicating a 25.39% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $3.66 per share and a revenue of $4.76 billion, demonstrating changes of +22.82% and +23.76%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Western Midstream. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.17% increase. Currently, Western Midstream is carrying a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Western Midstream has a Forward P/E ratio of 12.14 right now. This indicates a premium in contrast to its industry's Forward P/E of 11.23.
Investors should also note that WES has a PEG ratio of 1.2 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Refining and Marketing - Master Limited Partnerships was holding an average PEG ratio of 1.2 at yesterday's closing price.
The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 38, putting it in the top 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within 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.
View the Zacks #1 Rank List
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Western Midstream (WES) Advances While Market Declines: Some Information for Investors
In the latest close session, Western Midstream (WES - Free Report) was up +1.51% at $45.13. This move outpaced the S&P 500's daily loss of 0.52%. At the same time, the Dow lost 1.24%, and the tech-heavy Nasdaq lost 0.21%.
The oil and gas transportation and storage company's shares have seen a decrease of 1.96% over the last month, not keeping up with the Oils-Energy sector's gain of 5.63% and the S&P 500's loss of 1.21%.
The investment community will be paying close attention to the earnings performance of Western Midstream in its upcoming release. The company is slated to reveal its earnings on November 4, 2026. The company is expected to report EPS of $0.88, up 1.15% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $1.19 billion, indicating a 25.39% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $3.66 per share and a revenue of $4.76 billion, demonstrating changes of +22.82% and +23.76%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Western Midstream. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.17% increase. Currently, Western Midstream is carrying a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Western Midstream has a Forward P/E ratio of 12.14 right now. This indicates a premium in contrast to its industry's Forward P/E of 11.23.
Investors should also note that WES has a PEG ratio of 1.2 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Refining and Marketing - Master Limited Partnerships was holding an average PEG ratio of 1.2 at yesterday's closing price.
The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 38, putting it in the top 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within 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.