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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 the most recent trading day at $29.06, moving +0.45% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.29%. Meanwhile, the Dow lost 0.55%, and the Nasdaq, a tech-heavy index, added 0.07%.
Prior to today's trading, shares of the provider of midstream energy services had gained 1.37% over the past month. This has outpaced the Oils-Energy sector's gain of 1.29% and lagged the S&P 500's gain of 2.14% in that time.
EPD will be looking to display strength as it nears its next earnings release. In that report, analysts expect EPD to post earnings of $0.47 per share. This would mark year-over-year growth of 20.51%. Our most recent consensus estimate is calling for quarterly revenue of $9.18 billion, down 1.26% from the year-ago period.
EPD's full-year Zacks Consensus Estimates are calling for earnings of $1.93 per share and revenue of $37.07 billion. These results would represent year-over-year changes of +1.05% and +1.46%, respectively.
Any recent changes to analyst estimates for EPD should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 0.12% higher within the past month. EPD is currently a Zacks Rank #3 (Hold).
Investors should also note EPD's current valuation metrics, including its Forward P/E ratio of 14.97. This represents a premium compared to its industry's average Forward P/E of 12.49.
Also, we should mention that EPD has a PEG ratio of 4.99. 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. Oil and Gas - Production Pipeline - MLB stocks are, on average, holding a PEG ratio of 3.09 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 148, which puts it in the bottom 42% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
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Enterprise Products Partners (EPD) Gains As Market Dips: What You Should Know
Enterprise Products Partners (EPD - Free Report) closed the most recent trading day at $29.06, moving +0.45% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.29%. Meanwhile, the Dow lost 0.55%, and the Nasdaq, a tech-heavy index, added 0.07%.
Prior to today's trading, shares of the provider of midstream energy services had gained 1.37% over the past month. This has outpaced the Oils-Energy sector's gain of 1.29% and lagged the S&P 500's gain of 2.14% in that time.
EPD will be looking to display strength as it nears its next earnings release. In that report, analysts expect EPD to post earnings of $0.47 per share. This would mark year-over-year growth of 20.51%. Our most recent consensus estimate is calling for quarterly revenue of $9.18 billion, down 1.26% from the year-ago period.
EPD's full-year Zacks Consensus Estimates are calling for earnings of $1.93 per share and revenue of $37.07 billion. These results would represent year-over-year changes of +1.05% and +1.46%, respectively.
Any recent changes to analyst estimates for EPD should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 0.12% higher within the past month. EPD is currently a Zacks Rank #3 (Hold).
Investors should also note EPD's current valuation metrics, including its Forward P/E ratio of 14.97. This represents a premium compared to its industry's average Forward P/E of 12.49.
Also, we should mention that EPD has a PEG ratio of 4.99. 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. Oil and Gas - Production Pipeline - MLB stocks are, on average, holding a PEG ratio of 3.09 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 148, which puts it in the bottom 42% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.