Enterprise Products Partners (EPD - Free Report) closed the most recent trading day at $27.18, moving -1.24% from the previous trading session. This change lagged the S&P 500's 0.48% gain on the day. Meanwhile, the Dow gained 0.53%, and the Nasdaq, a tech-heavy index, added 0.8%.
Coming into today, shares of the provider of midstream energy services had gained 5.93% in the past month. In that same time, the Oils-Energy sector lost 1.26%, while the S&P 500 lost 2.09%.
EPD will be looking to display strength as it nears its next earnings release, which is expected to be January 30, 2019. The company is expected to report EPS of $0.49, up 32.43% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $9.46 billion, up 12.23% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for EPD. 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 company's business outlook.
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.
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. The Zacks Consensus EPS estimate has moved 0.31% lower within the past month. EPD is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, EPD is currently trading at a Forward P/E ratio of 14.39. For comparison, its industry has an average Forward P/E of 12.07, which means EPD is trading at a premium to the group.
Also, we should mention that EPD has a PEG ratio of 4.8. 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. Oil and Gas - Production Pipeline - MLB stocks are, on average, holding a PEG ratio of 1.75 based on yesterday's closing prices.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 28, which puts it in the top 11% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.