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Enterprise Products Partners (EPD) Gains But Lags Market: What You Should Know
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In the latest trading session, Enterprise Products Partners (EPD - Free Report) closed at $25.50, marking a +0.55% move from the previous day. This move lagged the S&P 500's daily gain of 1.14%. At the same time, the Dow added 1.12%, and the tech-heavy Nasdaq lost 0.02%.
Wall Street will be looking for positivity from Enterprise Products Partners as it approaches its next earnings report date. In that report, analysts expect Enterprise Products Partners to post earnings of $0.63 per share. This would mark year-over-year growth of 21.15%. Meanwhile, our latest consensus estimate is calling for revenue of $13.5 billion, up 24.65% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.51 per share and revenue of $55.58 billion, which would represent changes of +19.52% and +36.2%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Enterprise Products Partners. These revisions help to show the ever-changing nature of 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 has moved 0.46% lower. Enterprise Products Partners currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Enterprise Products Partners is holding a Forward P/E ratio of 10.1. This represents a discount compared to its industry's average Forward P/E of 10.86.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 57, which puts it in the top 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Enterprise Products Partners (EPD) Gains But Lags Market: What You Should Know
In the latest trading session, Enterprise Products Partners (EPD - Free Report) closed at $25.50, marking a +0.55% move from the previous day. This move lagged the S&P 500's daily gain of 1.14%. At the same time, the Dow added 1.12%, and the tech-heavy Nasdaq lost 0.02%.
Wall Street will be looking for positivity from Enterprise Products Partners as it approaches its next earnings report date. In that report, analysts expect Enterprise Products Partners to post earnings of $0.63 per share. This would mark year-over-year growth of 21.15%. Meanwhile, our latest consensus estimate is calling for revenue of $13.5 billion, up 24.65% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.51 per share and revenue of $55.58 billion, which would represent changes of +19.52% and +36.2%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Enterprise Products Partners. These revisions help to show the ever-changing nature of 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 has moved 0.46% lower. Enterprise Products Partners currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Enterprise Products Partners is holding a Forward P/E ratio of 10.1. This represents a discount compared to its industry's average Forward P/E of 10.86.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 57, which puts it in the top 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.