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Eni SpA (E) Stock Moves -0.39%: What You Should Know
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Eni SpA (E - Free Report) closed the most recent trading day at $22.92, moving -0.39% from the previous trading session. This change was narrower than the S&P 500's daily loss of 2.8%. Meanwhile, the Dow lost 2.11%, and the Nasdaq, a tech-heavy index, lost 0.1%.
Heading into today, shares of the energy company had lost 0.35% over the past month, lagging the Oils-Energy sector's gain of 1.49% and outpacing the S&P 500's loss of 4.08% in that time.
Investors will be hoping for strength from Eni SpA as it approaches its next earnings release. The company is expected to report EPS of $2.04, up 119.35% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $8.12 per share and revenue of $225.08 billion, which would represent changes of +163.64% and +146.97%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Eni SpA. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for 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. Within the past 30 days, our consensus EPS projection has moved 0.81% lower. Eni SpA is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Eni SpA is holding a Forward P/E ratio of 2.83. This represents a discount compared to its industry's average Forward P/E of 3.92.
We can also see that E currently has a PEG ratio of 0.28. 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 industry currently had an average PEG ratio of 0.38 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 84, which puts it in the top 34% 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.
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Eni SpA (E) Stock Moves -0.39%: What You Should Know
Eni SpA (E - Free Report) closed the most recent trading day at $22.92, moving -0.39% from the previous trading session. This change was narrower than the S&P 500's daily loss of 2.8%. Meanwhile, the Dow lost 2.11%, and the Nasdaq, a tech-heavy index, lost 0.1%.
Heading into today, shares of the energy company had lost 0.35% over the past month, lagging the Oils-Energy sector's gain of 1.49% and outpacing the S&P 500's loss of 4.08% in that time.
Investors will be hoping for strength from Eni SpA as it approaches its next earnings release. The company is expected to report EPS of $2.04, up 119.35% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $8.12 per share and revenue of $225.08 billion, which would represent changes of +163.64% and +146.97%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Eni SpA. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for 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. Within the past 30 days, our consensus EPS projection has moved 0.81% lower. Eni SpA is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Eni SpA is holding a Forward P/E ratio of 2.83. This represents a discount compared to its industry's average Forward P/E of 3.92.
We can also see that E currently has a PEG ratio of 0.28. 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 industry currently had an average PEG ratio of 0.38 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 84, which puts it in the top 34% 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.