Enterprise Products Partners (EPD) Stock Sinks As Market Gains: What You Should Know
Enterprise Products Partners (EPD) closed at $29.06 in the latest trading session, marking a -0.7% move from the prior day. This change lagged the S&P 500's daily gain of 0.35%. At the same time, the Dow added 0.03%, and the tech-heavy Nasdaq gained 0.7%.
Prior to today's trading, shares of the provider of midstream energy services had gained 3.21% over the past month. This has lagged the Oils-Energy sector's gain of 4.63% and the S&P 500's gain of 5.14% in that time.
Investors will be hoping for strength from EPD as it approaches its next earnings release. In that report, analysts expect EPD to post earnings of $0.47 per share. This would mark year-over-year growth of 20.51%. Meanwhile, our latest consensus estimate is calling for revenue of $8.96 billion, down 3.69% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.94 per share and revenue of $36.59 billion, which would represent changes of +1.57% and +0.16%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for EPD. These recent revisions tend to reflect the evolving nature of short-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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.04% higher. EPD is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that EPD has a Forward P/E ratio of 15.05 right now. Its industry sports an average Forward P/E of 11.98, so we one might conclude that EPD is trading at a premium comparatively.
Also, we should mention that EPD has a PEG ratio of 5.02. 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. EPD's industry had an average PEG ratio of 3.02 as of yesterday's close.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 91, putting it in the top 36% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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