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Enterprise Products Partners (EPD) Gains As Market Dips: What You Should Know
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In the latest trading session, Enterprise Products Partners (EPD - Free Report) closed at $28.93, marking a +0.84% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.12%. Meanwhile, the Dow lost 0.04%, and the Nasdaq, a tech-heavy index, added 0.32%.
Coming into today, shares of the provider of midstream energy services had gained 2.1% in the past month. In that same time, the Oils-Energy sector gained 2.25%, while the S&P 500 gained 3.31%.
EPD will be looking to display strength as it nears its next earnings release. In that report, analysts expect EPD to post earnings of $0.51 per share. This would mark year-over-year growth of 10.87%. Meanwhile, our latest consensus estimate is calling for revenue of $8.76 billion, up 3.48% from the prior-year quarter.
EPD's full-year Zacks Consensus Estimates are calling for earnings of $2.10 per share and revenue of $35.74 billion. These results would represent year-over-year changes of +9.95% and -2.17%, respectively.
It is also important to note the recent changes to analyst estimates for EPD. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. 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.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.81% higher. EPD is holding a Zacks Rank of #1 (Strong Buy) right now.
Digging into valuation, EPD currently has a Forward P/E ratio of 13.65. Its industry sports an average Forward P/E of 12.07, so we one might conclude that EPD is trading at a premium comparatively.
It is also worth noting that EPD currently has a PEG ratio of 3.41. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Production Pipeline - MLB industry currently had an average PEG ratio of 3.41 as of yesterday's close.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 29, which puts it in the top 12% 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.
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 As Market Dips: What You Should Know
In the latest trading session, Enterprise Products Partners (EPD - Free Report) closed at $28.93, marking a +0.84% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.12%. Meanwhile, the Dow lost 0.04%, and the Nasdaq, a tech-heavy index, added 0.32%.
Coming into today, shares of the provider of midstream energy services had gained 2.1% in the past month. In that same time, the Oils-Energy sector gained 2.25%, while the S&P 500 gained 3.31%.
EPD will be looking to display strength as it nears its next earnings release. In that report, analysts expect EPD to post earnings of $0.51 per share. This would mark year-over-year growth of 10.87%. Meanwhile, our latest consensus estimate is calling for revenue of $8.76 billion, up 3.48% from the prior-year quarter.
EPD's full-year Zacks Consensus Estimates are calling for earnings of $2.10 per share and revenue of $35.74 billion. These results would represent year-over-year changes of +9.95% and -2.17%, respectively.
It is also important to note the recent changes to analyst estimates for EPD. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. 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.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.81% higher. EPD is holding a Zacks Rank of #1 (Strong Buy) right now.
Digging into valuation, EPD currently has a Forward P/E ratio of 13.65. Its industry sports an average Forward P/E of 12.07, so we one might conclude that EPD is trading at a premium comparatively.
It is also worth noting that EPD currently has a PEG ratio of 3.41. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Production Pipeline - MLB industry currently had an average PEG ratio of 3.41 as of yesterday's close.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 29, which puts it in the top 12% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.