Enterprise Products Partners (EPD) ended the recent trading session at $31.26, demonstrating a -1.26% change from the preceding day's closing price. This change lagged the S&P 500's 0.28% loss on the day. Meanwhile, the Dow lost 0.52%, and the Nasdaq, a tech-heavy index, lost 0.08%.
The provider of midstream energy services's stock has climbed by 0.03% in the past month, falling short of the Oils-Energy sector's gain of 3.56% and the S&P 500's gain of 4.03%.
Market participants will be closely following the financial results of Enterprise Products Partners in its upcoming release. On that day, Enterprise Products Partners is projected to report earnings of $0.68 per share, which would represent year-over-year growth of 4.62%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.69 billion, down 7.88% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.7 per share and a revenue of $52.34 billion, representing changes of +0.37% and -6.89%, respectively, from the prior year.
Any recent changes to analyst estimates for Enterprise Products Partners should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, 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. Over the past month, the Zacks Consensus EPS estimate has shifted 0.98% downward. Enterprise Products Partners currently has a Zacks Rank of #4 (Sell).
Looking at valuation, Enterprise Products Partners is presently trading at a Forward P/E ratio of 11.75. This valuation marks no noticeable deviation compared to its industry average Forward P/E of 11.75.
Also, we should mention that EPD has a PEG ratio of 2.25. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Oil and Gas - Production Pipeline - MLB industry had an average PEG ratio of 1.4 as trading concluded yesterday.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 198, positioning it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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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Enterprise Products Partners L.P. (EPD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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