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Enterprise Products Partners (EPD) closed the most recent trading day at $20.52, moving -1.01% from the previous trading session. This move lagged the S&P 500's daily gain of 0.98%. Elsewhere, the Dow gained 0.99%, while the tech-heavy Nasdaq added 0.5%.
EPD will be looking to display strength as it nears its next earnings release, which is expected to be February 3, 2021. In that report, analysts expect EPD to post earnings of $0.51 per share. This would mark a year-over-year decline of 5.56%. Our most recent consensus estimate is calling for quarterly revenue of $6.70 billion, down 16.35% from the year-ago period.
Any recent changes to analyst estimates for EPD should also be noted by investors. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.05% higher. EPD is currently a Zacks Rank #3 (Hold).
Investors should also note EPD's current valuation metrics, including its Forward P/E ratio of 10.59. Its industry sports an average Forward P/E of 8.38, so we one might conclude that EPD is trading at a premium comparatively.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 204, which puts it in the bottom 20% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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