Eni SpA (E) Stock Moves -0.89%: What You Should Know
In the latest trading session, Eni SpA (E) closed at $26.67, marking a -0.89% move from the previous day. This move was narrower than the S&P 500's daily loss of 1.65%. Meanwhile, the Dow lost 1.63%, and the Nasdaq, a tech-heavy index, lost 6.65%.
Prior to today's trading, shares of the energy company had lost 11.28% over the past month. This has lagged the Oils-Energy sector's loss of 4.55% and the S&P 500's gain of 0.3% in that time.
Wall Street will be looking for positivity from Eni SpA as it approaches its next earnings report date. In that report, analysts expect Eni SpA to post earnings of $1.70 per share. This would mark a year-over-year decline of 16.67%.
E's full-year Zacks Consensus Estimates are calling for earnings of $5.47 per share and revenue of $77.41 billion. These results would represent year-over-year changes of -31.37% and -43.8%, respectively.
Investors should also note any recent changes to analyst estimates for Eni SpA. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for 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. The Zacks Consensus EPS estimate has moved 11.48% lower within the past month. Eni SpA currently has a Zacks Rank of #5 (Strong Sell).
Valuation is also important, so investors should note that Eni SpA has a Forward P/E ratio of 4.92 right now. This represents a discount compared to its industry's average Forward P/E of 5.63.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 65, putting it in the top 26% 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.
To follow E in the coming trading sessions, be sure to utilize Zacks.com.
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Eni SpA (E) : Free Stock Analysis Report
