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.
Eni SpA (E) Stock Moves -0.33%: What You Should Know
Read MoreHide Full Article
Eni SpA (E - Free Report) closed at $27.18 in the latest trading session, marking a -0.33% move from the prior day. This change was narrower than the S&P 500's daily loss of 0.38%. At the same time, the Dow lost 0.5%, and the tech-heavy Nasdaq lost 0.46%.
Heading into today, shares of the energy company had lost 5.93% over the past month, lagging the Oils-Energy sector's gain of 3.39% and outpacing the S&P 500's loss of 6.69% in that time.
Wall Street will be looking for positivity from Eni SpA as it approaches its next earnings report date. On that day, Eni SpA is projected to report earnings of $1.53 per share, which would represent year-over-year growth of 163.79%.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.72 per share and revenue of $239.69 billion, which would represent changes of +118.18% and +163%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Eni SpA. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 has moved 2.18% higher within the past month. Eni SpA is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Eni SpA has a Forward P/E ratio of 4.06 right now. For comparison, its industry has an average Forward P/E of 5.32, which means Eni SpA is trading at a discount to the group.
It is also worth noting that E currently has a PEG ratio of 0.39. 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. The Oil and Gas - Integrated - International was holding an average PEG ratio of 0.67 at yesterday's closing price.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 68, which puts it in the top 27% 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 E in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Eni SpA (E) Stock Moves -0.33%: What You Should Know
Eni SpA (E - Free Report) closed at $27.18 in the latest trading session, marking a -0.33% move from the prior day. This change was narrower than the S&P 500's daily loss of 0.38%. At the same time, the Dow lost 0.5%, and the tech-heavy Nasdaq lost 0.46%.
Heading into today, shares of the energy company had lost 5.93% over the past month, lagging the Oils-Energy sector's gain of 3.39% and outpacing the S&P 500's loss of 6.69% in that time.
Wall Street will be looking for positivity from Eni SpA as it approaches its next earnings report date. On that day, Eni SpA is projected to report earnings of $1.53 per share, which would represent year-over-year growth of 163.79%.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.72 per share and revenue of $239.69 billion, which would represent changes of +118.18% and +163%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Eni SpA. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 has moved 2.18% higher within the past month. Eni SpA is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Eni SpA has a Forward P/E ratio of 4.06 right now. For comparison, its industry has an average Forward P/E of 5.32, which means Eni SpA is trading at a discount to the group.
It is also worth noting that E currently has a PEG ratio of 0.39. 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. The Oil and Gas - Integrated - International was holding an average PEG ratio of 0.67 at yesterday's closing price.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 68, which puts it in the top 27% 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 E in the coming trading sessions, be sure to utilize Zacks.com.