Enterprise Products Partners (EPD - Free Report) closed the most recent trading day at $26.30, moving +0.84% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.22%. Elsewhere, the Dow lost 0.11%, while the tech-heavy Nasdaq lost 0.25%.
Coming into today, shares of the provider of midstream energy services had lost 2.76% in the past month. In that same time, the Oils-Energy sector lost 3.31%, while the S&P 500 gained 3.57%.
Wall Street will be looking for positivity from EPD as it approaches its next earnings report date. This is expected to be January 30, 2019. The company is expected to report EPS of $0.50, up 35.14% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $9.53 billion, up 13.13% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.80 per share and revenue of $36.64 billion, which would represent changes of +36.36% and +25.3%, respectively, from the prior year.
Any recent changes to analyst estimates for EPD should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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 6.46% higher within the past month. EPD is currently sporting a Zacks Rank of #1 (Strong Buy).
In terms of valuation, EPD is currently trading at a Forward P/E ratio of 14.52. For comparison, its industry has an average Forward P/E of 13.38, which means EPD is trading at a premium to the group.
Meanwhile, EPD's PEG ratio is currently 4.84. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Production Pipeline - MLB industry currently had an average PEG ratio of 1.7 as of yesterday's close.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 76, which puts it in the top 30% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.