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Enterprise Products Partners (EPD) Gains But Lags Market: What You Should Know
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Enterprise Products Partners (EPD - Free Report) closed the most recent trading day at $24.34, moving +0.45% from the previous trading session. This move lagged the S&P 500's daily gain of 0.75%. At the same time, the Dow added 0.4%, and the tech-heavy Nasdaq gained 10.36%.
Prior to today's trading, shares of the provider of midstream energy services had gained 0.04% over the past month. This has outpaced the Oils-Energy sector's loss of 6.78% and the S&P 500's loss of 5.98% in that time.
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 $0.60, up 15.38% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $14.3 billion, up 25.78% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Enterprise Products Partners. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Enterprise Products Partners is currently a Zacks Rank #3 (Hold).
Investors should also note Enterprise Products Partners's current valuation metrics, including its Forward P/E ratio of 9.68. Its industry sports an average Forward P/E of 9.96, 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 group has a Zacks Industry Rank of 55, putting it in the top 22% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Enterprise Products Partners (EPD) Gains But Lags Market: What You Should Know
Enterprise Products Partners (EPD - Free Report) closed the most recent trading day at $24.34, moving +0.45% from the previous trading session. This move lagged the S&P 500's daily gain of 0.75%. At the same time, the Dow added 0.4%, and the tech-heavy Nasdaq gained 10.36%.
Prior to today's trading, shares of the provider of midstream energy services had gained 0.04% over the past month. This has outpaced the Oils-Energy sector's loss of 6.78% and the S&P 500's loss of 5.98% in that time.
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 $0.60, up 15.38% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $14.3 billion, up 25.78% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Enterprise Products Partners. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Enterprise Products Partners is currently a Zacks Rank #3 (Hold).
Investors should also note Enterprise Products Partners's current valuation metrics, including its Forward P/E ratio of 9.68. Its industry sports an average Forward P/E of 9.96, 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 group has a Zacks Industry Rank of 55, putting it in the top 22% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.