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In the latest market close, Enterprise Products Partners (EPD) reached $33.67, with a -0.38% movement compared to the previous day. This change lagged the S&P 500's 0.53% gain on the day. Elsewhere, the Dow saw an upswing of 0.93%, while the tech-heavy Nasdaq appreciated by 0.22%.
The provider of midstream energy services's shares have seen an increase of 7.34% over the last month, surpassing the Oils-Energy sector's loss of 1.54% and the S&P 500's gain of 2.69%.
The investment community will be paying close attention to the earnings performance of Enterprise Products Partners in its upcoming release. The company is slated to reveal its earnings on February 4, 2025. The company's earnings per share (EPS) are projected to be $0.70, reflecting a 2.78% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $14.43 billion, indicating a 1.29% decline compared to the corresponding quarter of the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Enterprise Products Partners. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.07% lower within the past month. As of now, Enterprise Products Partners holds a Zacks Rank of #3 (Hold).
In the context of valuation, Enterprise Products Partners is at present trading with a Forward P/E ratio of 11.89. This denotes a discount relative to the industry's average Forward P/E of 14.77.
We can also see that EPD currently has a PEG ratio of 1.6. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Oil and Gas - Production Pipeline - MLB industry was having an average PEG ratio of 1.5.