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Enterprise Products Partners (EPD) Stock Moves -0.73%: What You Should Know
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Enterprise Products Partners (EPD - Free Report) closed at $27.21 in the latest trading session, marking a -0.73% move from the prior day. This change was narrower than the S&P 500's 1.47% loss on the day. At the same time, the Dow lost 1.14%, and the tech-heavy Nasdaq lost 1.57%.
Coming into today, shares of the provider of midstream energy services had gained 3.32% in the past month. In that same time, the Oils-Energy sector gained 4.06%, while the S&P 500 lost 1.43%.
Investors will be hoping for strength from Enterprise Products Partners as it approaches its next earnings release. On that day, Enterprise Products Partners is projected to report earnings of $0.63 per share, which would represent no growth from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $12.44 billion, down 19.58% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.52 per share and revenue of $48.47 billion. These totals would mark changes of 0% and -16.7%, respectively, from last 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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.34% higher. Enterprise Products Partners is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Enterprise Products Partners's current valuation metrics, including its Forward P/E ratio of 10.87. This represents a discount compared to its industry's average Forward P/E of 12.27.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 194, putting it in the bottom 24% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Enterprise Products Partners (EPD) Stock Moves -0.73%: What You Should Know
Enterprise Products Partners (EPD - Free Report) closed at $27.21 in the latest trading session, marking a -0.73% move from the prior day. This change was narrower than the S&P 500's 1.47% loss on the day. At the same time, the Dow lost 1.14%, and the tech-heavy Nasdaq lost 1.57%.
Coming into today, shares of the provider of midstream energy services had gained 3.32% in the past month. In that same time, the Oils-Energy sector gained 4.06%, while the S&P 500 lost 1.43%.
Investors will be hoping for strength from Enterprise Products Partners as it approaches its next earnings release. On that day, Enterprise Products Partners is projected to report earnings of $0.63 per share, which would represent no growth from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $12.44 billion, down 19.58% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.52 per share and revenue of $48.47 billion. These totals would mark changes of 0% and -16.7%, respectively, from last 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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.34% higher. Enterprise Products Partners is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Enterprise Products Partners's current valuation metrics, including its Forward P/E ratio of 10.87. This represents a discount compared to its industry's average Forward P/E of 12.27.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 194, putting it in the bottom 24% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.