Western Midstream (WES) closed at $37.90 in the latest trading session, marking a -0.45% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 1.67%. On the other hand, the Dow registered a gain of 1.07%, and the technology-centric Nasdaq increased by 2.5%.
Prior to today's trading, shares of the oil and gas transportation and storage company had lost 7.57% over the past month. This has was narrower than the Oils-Energy sector's loss of 10.69% and lagged the S&P 500's loss of 6.57% in that time.
Investors will be eagerly watching for the performance of Western Midstream in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on May 7, 2025. The company is expected to report EPS of $0.83, down 43.54% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $945.11 million, reflecting a 6.46% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.42 per share and a revenue of $3.79 billion, signifying shifts of -14.93% and +5.21%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Western Midstream. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.24% higher. Western Midstream is currently a Zacks Rank #3 (Hold).
In the context of valuation, Western Midstream is at present trading with a Forward P/E ratio of 11.14. For comparison, its industry has an average Forward P/E of 19.47, which means Western Midstream is trading at a discount to the group.
The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 50, finds itself in the top 21% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Western Midstream Partners, LP (WES): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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