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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 $22.95, moving +1.37% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.06%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, lost 0.3%.
Coming into today, shares of the provider of midstream energy services had gained 7.5% in the past month. In that same time, the Oils-Energy sector gained 3.44%, while the S&P 500 gained 5.76%.
Wall Street will be looking for positivity from Enterprise Products Partners as it approaches its next earnings report date. The company is expected to report EPS of $0.55, up 7.84% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $11.31 billion, up 60.54% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for Enterprise Products Partners. Recent revisions tend to reflect the latest 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, 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Enterprise Products Partners is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Enterprise Products Partners is holding a Forward P/E ratio of 10.39. This represents a premium compared to its industry's average Forward P/E of 9.81.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 238, which puts it in the bottom 7% 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 the most recent trading day at $22.95, moving +1.37% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.06%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, lost 0.3%.
Coming into today, shares of the provider of midstream energy services had gained 7.5% in the past month. In that same time, the Oils-Energy sector gained 3.44%, while the S&P 500 gained 5.76%.
Wall Street will be looking for positivity from Enterprise Products Partners as it approaches its next earnings report date. The company is expected to report EPS of $0.55, up 7.84% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $11.31 billion, up 60.54% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for Enterprise Products Partners. Recent revisions tend to reflect the latest 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, 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Enterprise Products Partners is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Enterprise Products Partners is holding a Forward P/E ratio of 10.39. This represents a premium compared to its industry's average Forward P/E of 9.81.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 238, which puts it in the bottom 7% 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.