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Energy Transfer LP (ET) Gains But Lags Market: What You Should Know

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In the latest trading session, Energy Transfer LP (ET - Free Report) closed at $14.24, marking a +0.67% move from the previous day. This move lagged the S&P 500's daily gain of 0.95%. Elsewhere, the Dow gained 0.94%, while the tech-heavy Nasdaq added 0.8%.

Coming into today, shares of the energy-related services provider had lost 5.23% in the past month. In that same time, the Oils-Energy sector lost 1.31%, while the S&P 500 gained 2.47%.

Wall Street will be looking for positivity from ET as it approaches its next earnings report date. In that report, analysts expect ET to post earnings of $0.37 per share. This would mark year-over-year growth of 12.12%. Our most recent consensus estimate is calling for quarterly revenue of $14.75 billion, up 4.47% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $1.40 per share and revenue of $57.58 billion, which would represent changes of +21.74% and +6.46%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for ET. These revisions typically reflect the latest short-term business trends, which can change frequently. 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.

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 3.04% higher within the past month. ET is currently a Zacks Rank #3 (Hold).

Valuation is also important, so investors should note that ET has a Forward P/E ratio of 10.07 right now. This represents a discount compared to its industry's average Forward P/E of 11.84.

The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 56, which puts it in the top 22% 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.

You can find more information on all of these metrics, and much more, on Zacks.com.


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