In the latest trading session, Enterprise Products Partners (EPD) closed at $28.21, marking a -0.88% move from the previous day. This change lagged the S&P 500's 0.09% loss on the day. At the same time, the Dow added 0.03%, and the tech-heavy Nasdaq lost 0.16%.
Heading into today, shares of the provider of midstream energy services had gained 1.43% over the past month, lagging the Oils-Energy sector's gain of 2.32% and the S&P 500's gain of 2.35% in that time.
Investors will be hoping for strength from EPD as it approaches its next earnings release. The company is expected to report EPS of $0.47, up 20.51% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $9.18 billion, down 1.26% from the year-ago period.
EPD's full-year Zacks Consensus Estimates are calling for earnings of $1.92 per share and revenue of $37.07 billion. These results would represent year-over-year changes of +0.52% and +1.46%, respectively.
Any recent changes to analyst estimates for EPD should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Within the past 30 days, our consensus EPS projection has moved 0.29% lower. EPD is currently a Zacks Rank #3 (Hold).
Digging into valuation, EPD currently has a Forward P/E ratio of 14.79. For comparison, its industry has an average Forward P/E of 12.28, which means EPD is trading at a premium to the group.
Also, we should mention that EPD has a PEG ratio of 4.93. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Oil and Gas - Production Pipeline - MLB stocks are, on average, holding a PEG ratio of 2.99 based on yesterday's closing prices.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 143, putting it in the bottom 44% 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.
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