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Enterprise Products Partners (EPD) Stock Sinks As Market Gains: What You Should Know
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Enterprise Products Partners (EPD - Free Report) closed the most recent trading day at $24.85, moving -0.64% from the previous trading session. This change lagged the S&P 500's 1.19% gain on the day. At the same time, the Dow added 1.34%, and the tech-heavy Nasdaq lost 0.2%.
Coming into today, shares of the provider of midstream energy services had gained 5.88% in the past month. In that same time, the Oils-Energy sector gained 8.42%, while the S&P 500 lost 0.84%.
Investors will be hoping for strength from Enterprise Products Partners as it approaches its next earnings release. In that report, analysts expect Enterprise Products Partners to post earnings of $0.61 per share. This would mark year-over-year growth of 17.31%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.85 billion, up 27.84% from the year-ago period.
EPD's full-year Zacks Consensus Estimates are calling for earnings of $2.48 per share and revenue of $55.35 billion. These results would represent year-over-year changes of +18.1% and +35.65%, respectively.
Investors should also note any recent changes to analyst estimates for Enterprise Products Partners. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.52% lower within the past month. Enterprise Products Partners currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Enterprise Products Partners has a Forward P/E ratio of 10.07 right now. Its industry sports an average Forward P/E of 10.81, so we one might conclude that Enterprise Products Partners is trading at a discount comparatively.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 93, which puts it in the top 37% 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.
To follow EPD in the coming trading sessions, be sure to utilize Zacks.com.
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Enterprise Products Partners (EPD) Stock Sinks As Market Gains: What You Should Know
Enterprise Products Partners (EPD - Free Report) closed the most recent trading day at $24.85, moving -0.64% from the previous trading session. This change lagged the S&P 500's 1.19% gain on the day. At the same time, the Dow added 1.34%, and the tech-heavy Nasdaq lost 0.2%.
Coming into today, shares of the provider of midstream energy services had gained 5.88% in the past month. In that same time, the Oils-Energy sector gained 8.42%, while the S&P 500 lost 0.84%.
Investors will be hoping for strength from Enterprise Products Partners as it approaches its next earnings release. In that report, analysts expect Enterprise Products Partners to post earnings of $0.61 per share. This would mark year-over-year growth of 17.31%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.85 billion, up 27.84% from the year-ago period.
EPD's full-year Zacks Consensus Estimates are calling for earnings of $2.48 per share and revenue of $55.35 billion. These results would represent year-over-year changes of +18.1% and +35.65%, respectively.
Investors should also note any recent changes to analyst estimates for Enterprise Products Partners. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.52% lower within the past month. Enterprise Products Partners currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Enterprise Products Partners has a Forward P/E ratio of 10.07 right now. Its industry sports an average Forward P/E of 10.81, so we one might conclude that Enterprise Products Partners is trading at a discount comparatively.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 93, which puts it in the top 37% 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.
To follow EPD in the coming trading sessions, be sure to utilize Zacks.com.