Enterprise Products Partners (EPD) closed the most recent trading day at $29.22, moving +0.9% from the previous trading session. This change outpaced the S&P 500's 0.41% gain on the day. At the same time, the Dow added 0.39%, and the tech-heavy Nasdaq gained 0.57%.
Prior to today's trading, shares of the provider of midstream energy services had gained 0.94% over the past month. This has outpaced the Oils-Energy sector's loss of 3.41% and the S&P 500's gain of 0.1% in that time.
EPD will be looking to display strength as it nears its next earnings release. On that day, EPD is projected to report earnings of $0.51 per share, which would represent year-over-year growth of 10.87%. Our most recent consensus estimate is calling for quarterly revenue of $8.76 billion, up 3.48% from the year-ago period.
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 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. 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.
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 2.5% higher. EPD is currently sporting a Zacks Rank of #1 (Strong Buy).
Digging into valuation, EPD currently has a Forward P/E ratio of 13.78. This valuation marks a premium compared to its industry's average Forward P/E of 11.64.
We can also see that EPD currently has a PEG ratio of 3.45. 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. The Oil and Gas - Production Pipeline - MLB was holding an average PEG ratio of 3.45 at yesterday's closing price.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 52, which puts it in the top 21% 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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