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Enterprise Products Partners (EPD) Gains But Lags Market: What You Should Know
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Enterprise Products Partners (EPD - Free Report) closed the most recent trading day at $27.16, moving +0.43% from the previous trading session. This change lagged the S&P 500's 2.12% gain on the day. At the same time, the Dow added 2.13%, and the tech-heavy Nasdaq gained 2.64%.
Heading into today, shares of the provider of midstream energy services had lost 7.81% over the past month, outpacing the Oils-Energy sector's loss of 8.07% and lagging the S&P 500's loss of 4.4% in that time.
EPD will be looking to display strength as it nears its next earnings release, which is expected to be January 30, 2019. On that day, EPD is projected to report earnings of $0.49 per share, which would represent year-over-year growth of 32.43%. Our most recent consensus estimate is calling for quarterly revenue of $9.53 billion, up 13.13% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.76 per share and revenue of $36.64 billion, which would represent changes of +33.33% and +25.3%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for EPD. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 10.55% higher. EPD is currently sporting a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, EPD is holding a Forward P/E ratio of 15.36. This valuation marks a premium compared to its industry's average Forward P/E of 14.66.
We can also see that EPD currently has a PEG ratio of 5.12. 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. The Oil and Gas - Production Pipeline - MLB industry currently had an average PEG ratio of 2.14 as of yesterday's close.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 32, putting it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Enterprise Products Partners (EPD) Gains But Lags Market: What You Should Know
Enterprise Products Partners (EPD - Free Report) closed the most recent trading day at $27.16, moving +0.43% from the previous trading session. This change lagged the S&P 500's 2.12% gain on the day. At the same time, the Dow added 2.13%, and the tech-heavy Nasdaq gained 2.64%.
Heading into today, shares of the provider of midstream energy services had lost 7.81% over the past month, outpacing the Oils-Energy sector's loss of 8.07% and lagging the S&P 500's loss of 4.4% in that time.
EPD will be looking to display strength as it nears its next earnings release, which is expected to be January 30, 2019. On that day, EPD is projected to report earnings of $0.49 per share, which would represent year-over-year growth of 32.43%. Our most recent consensus estimate is calling for quarterly revenue of $9.53 billion, up 13.13% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.76 per share and revenue of $36.64 billion, which would represent changes of +33.33% and +25.3%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for EPD. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 10.55% higher. EPD is currently sporting a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, EPD is holding a Forward P/E ratio of 15.36. This valuation marks a premium compared to its industry's average Forward P/E of 14.66.
We can also see that EPD currently has a PEG ratio of 5.12. 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. The Oil and Gas - Production Pipeline - MLB industry currently had an average PEG ratio of 2.14 as of yesterday's close.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 32, putting it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.