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Enterprise Products Partners (EPD) Declines More Than Market: Some Information for Investors
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The most recent trading session ended with Enterprise Products Partners (EPD - Free Report) standing at $29.13, reflecting a -0.21% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily loss of 0.02%. At the same time, the Dow added 0.38%, and the tech-heavy Nasdaq gained 0.04%.
Coming into today, shares of the provider of midstream energy services had lost 1.02% in the past month. In that same time, the Oils-Energy sector lost 7.26%, while the S&P 500 gained 3.77%.
The upcoming earnings release of Enterprise Products Partners will be of great interest to investors. The company's earnings report is expected on October 29, 2024. The company is predicted to post an EPS of $0.66, indicating a 10% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $13.78 billion, indicating a 14.89% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.71 per share and a revenue of $56.37 billion, signifying shifts of +7.11% and +13.38%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Enterprise Products Partners. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.15% downward. Enterprise Products Partners is currently sporting 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 10.76 right now. This expresses a discount compared to the average Forward P/E of 12.18 of its industry.
It is also worth noting that EPD currently has a PEG ratio of 1.49. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Oil and Gas - Production Pipeline - MLB industry had an average PEG ratio of 1.49 as trading concluded yesterday.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 193, positioning it in the bottom 24% 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) Declines More Than Market: Some Information for Investors
The most recent trading session ended with Enterprise Products Partners (EPD - Free Report) standing at $29.13, reflecting a -0.21% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily loss of 0.02%. At the same time, the Dow added 0.38%, and the tech-heavy Nasdaq gained 0.04%.
Coming into today, shares of the provider of midstream energy services had lost 1.02% in the past month. In that same time, the Oils-Energy sector lost 7.26%, while the S&P 500 gained 3.77%.
The upcoming earnings release of Enterprise Products Partners will be of great interest to investors. The company's earnings report is expected on October 29, 2024. The company is predicted to post an EPS of $0.66, indicating a 10% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $13.78 billion, indicating a 14.89% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.71 per share and a revenue of $56.37 billion, signifying shifts of +7.11% and +13.38%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Enterprise Products Partners. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.15% downward. Enterprise Products Partners is currently sporting 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 10.76 right now. This expresses a discount compared to the average Forward P/E of 12.18 of its industry.
It is also worth noting that EPD currently has a PEG ratio of 1.49. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Oil and Gas - Production Pipeline - MLB industry had an average PEG ratio of 1.49 as trading concluded yesterday.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 193, positioning it in the bottom 24% 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.