Enterprise Products Partners (EPD) Increases Yet Falls Behind Market: What Investors Need to Know
The most recent trading session ended with Enterprise Products Partners (EPD) standing at $28.85, reflecting a +0.28% shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 0.57%. Meanwhile, the Dow experienced a rise of 0.83%, and the technology-dominated Nasdaq saw an increase of 0.39%.
The the stock of provider of midstream energy services has risen by 5.58% in the past month, leading the Oils-Energy sector's gain of 4.48% and the S&P 500's gain of 2.97%.
Investors will be eagerly watching for the performance of Enterprise Products Partners in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.64, showcasing no movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $13.26 billion, indicating a 6.54% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.63 per share and a revenue of $53.6 billion, representing changes of +3.95% and +7.8%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Enterprise Products Partners. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
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.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.06% increase. Enterprise Products Partners presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Enterprise Products Partners is currently trading at a Forward P/E ratio of 10.95. This represents a discount compared to its industry's average Forward P/E of 12.58.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 99, finds itself in the top 40% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Enterprise Products Partners L.P. (EPD) : Free Stock Analysis Report
