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The latest trading session saw Enterprise Products Partners (EPD) ending at $34.22, denoting a +0.23% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 0.38%. Meanwhile, the Dow experienced a drop of 0.03%, and the technology-dominated Nasdaq saw an increase of 0.87%.
The the stock of provider of midstream energy services has risen by 1.22% in the past month, lagging the Oils-Energy sector's gain of 2.26% and overreaching the S&P 500's loss of 5.59%.
Investors will be eagerly watching for the performance of Enterprise Products Partners in its upcoming earnings disclosure. In that report, analysts expect Enterprise Products Partners to post earnings of $0.70 per share. This would mark year-over-year growth of 6.06%. Meanwhile, our latest consensus estimate is calling for revenue of $14.28 billion, down 3.26% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.91 per share and revenue of $58.1 billion. These totals would mark changes of +8.18% and +3.34%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Enterprise Products Partners. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Within the past 30 days, our consensus EPS projection has moved 0.48% higher. Enterprise Products Partners currently has a Zacks Rank of #2 (Buy).
Investors should also note Enterprise Products Partners's current valuation metrics, including its Forward P/E ratio of 11.73. This valuation marks a discount compared to its industry's average Forward P/E of 13.24.
It is also worth noting that EPD currently has a PEG ratio of 1.39. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Oil and Gas - Production Pipeline - MLB industry had an average PEG ratio of 1.17.