We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Enterprise Products Partners (EPD) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
Enterprise Products Partners (EPD - Free Report) closed at $21.62 in the latest trading session, marking a +0.19% move from the prior day. This change outpaced the S&P 500's 0.1% loss on the day. Elsewhere, the Dow gained 0.26%, while the tech-heavy Nasdaq lost 0.1%.
Prior to today's trading, shares of the provider of midstream energy services had lost 0.46% over the past month. This has lagged the Oils-Energy sector's gain of 2.89% and the S&P 500's gain of 4.4% in that time.
Enterprise Products Partners will be looking to display strength as it nears its next earnings release. On that day, Enterprise Products Partners is projected to report earnings of $0.55 per share, which would represent year-over-year growth of 7.84%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $11.31 billion, up 60.54% from the year-ago period.
EPD's full-year Zacks Consensus Estimates are calling for earnings of $2.19 per share and revenue of $40.08 billion. These results would represent year-over-year changes of +3.79% and +47.36%, respectively.
Any recent changes to analyst estimates for Enterprise Products Partners should also be noted by investors. 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.
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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Enterprise Products Partners is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Enterprise Products Partners is holding a Forward P/E ratio of 9.85. For comparison, its industry has an average Forward P/E of 9.34, which means Enterprise Products Partners is trading at a premium to the group.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 230, putting it in the bottom 10% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Enterprise Products Partners (EPD) Gains As Market Dips: What You Should Know
Enterprise Products Partners (EPD - Free Report) closed at $21.62 in the latest trading session, marking a +0.19% move from the prior day. This change outpaced the S&P 500's 0.1% loss on the day. Elsewhere, the Dow gained 0.26%, while the tech-heavy Nasdaq lost 0.1%.
Prior to today's trading, shares of the provider of midstream energy services had lost 0.46% over the past month. This has lagged the Oils-Energy sector's gain of 2.89% and the S&P 500's gain of 4.4% in that time.
Enterprise Products Partners will be looking to display strength as it nears its next earnings release. On that day, Enterprise Products Partners is projected to report earnings of $0.55 per share, which would represent year-over-year growth of 7.84%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $11.31 billion, up 60.54% from the year-ago period.
EPD's full-year Zacks Consensus Estimates are calling for earnings of $2.19 per share and revenue of $40.08 billion. These results would represent year-over-year changes of +3.79% and +47.36%, respectively.
Any recent changes to analyst estimates for Enterprise Products Partners should also be noted by investors. 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.
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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Enterprise Products Partners is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Enterprise Products Partners is holding a Forward P/E ratio of 9.85. For comparison, its industry has an average Forward P/E of 9.34, which means Enterprise Products Partners is trading at a premium to the group.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 230, putting it in the bottom 10% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.