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Enterprise Products Partners (EPD) Gains As Market Dips: What You Should Know
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Enterprise Products Partners (EPD - Free Report) closed at $26.20 in the latest trading session, marking a +0.5% move from the prior day. This move outpaced the S&P 500's daily loss of 2.33%. Elsewhere, the Dow lost 2.24%, while the tech-heavy Nasdaq lost 3.05%.
Coming into today, shares of the provider of midstream energy services had lost 4.78% in the past month. In that same time, the Oils-Energy sector lost 7.26%, while the S&P 500 lost 1.93%.
EPD will be looking to display strength as it nears its next earnings release, which is expected to be January 30, 2019. In that report, analysts expect EPD to post earnings of $0.50 per share. This would mark year-over-year growth of 35.14%. 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 $1.80 per share and revenue of $36.64 billion, which would represent changes of +36.36% and +25.3%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for EPD. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 remained stagnant within the past month. EPD is currently sporting a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that EPD has a Forward P/E ratio of 14.52 right now. This represents a premium compared to its industry's average Forward P/E of 13.39.
Also, we should mention that EPD has a PEG ratio of 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 was holding an average PEG ratio of 1.67 at yesterday's closing price.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 94, putting it in the top 37% 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.
To follow EPD in the coming trading sessions, be sure to utilize Zacks.com.
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Enterprise Products Partners (EPD) Gains As Market Dips: What You Should Know
Enterprise Products Partners (EPD - Free Report) closed at $26.20 in the latest trading session, marking a +0.5% move from the prior day. This move outpaced the S&P 500's daily loss of 2.33%. Elsewhere, the Dow lost 2.24%, while the tech-heavy Nasdaq lost 3.05%.
Coming into today, shares of the provider of midstream energy services had lost 4.78% in the past month. In that same time, the Oils-Energy sector lost 7.26%, while the S&P 500 lost 1.93%.
EPD will be looking to display strength as it nears its next earnings release, which is expected to be January 30, 2019. In that report, analysts expect EPD to post earnings of $0.50 per share. This would mark year-over-year growth of 35.14%. 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 $1.80 per share and revenue of $36.64 billion, which would represent changes of +36.36% and +25.3%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for EPD. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 remained stagnant within the past month. EPD is currently sporting a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that EPD has a Forward P/E ratio of 14.52 right now. This represents a premium compared to its industry's average Forward P/E of 13.39.
Also, we should mention that EPD has a PEG ratio of 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 was holding an average PEG ratio of 1.67 at yesterday's closing price.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 94, putting it in the top 37% 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.
To follow EPD in the coming trading sessions, be sure to utilize Zacks.com.