Western Midstream (WES) closed the latest trading day at $38.26, indicating a -1.77% change from the previous session's end. This change lagged the S&P 500's 0.58% gain on the day. At the same time, the Dow added 0.75%, and the tech-heavy Nasdaq gained 0.55%.
Prior to today's trading, shares of the oil and gas transportation and storage company had lost 4.91% over the past month. This has was narrower than the Oils-Energy sector's loss of 8.92% and lagged the S&P 500's loss of 0.84% in that time.
Market participants will be closely following the financial results of Western Midstream in its upcoming release. The company plans to announce its earnings on May 7, 2025. It is anticipated that the company will report an EPS of $0.83, marking a 43.54% fall compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $945.11 million, indicating a 6.46% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.40 per share and a revenue of $3.79 billion, representing changes of -15.42% and +5.25%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Western Midstream. These revisions help to show the ever-changing nature of near-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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.44% lower. Western Midstream is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Western Midstream is presently being traded at a Forward P/E ratio of 11.44. For comparison, its industry has an average Forward P/E of 22.03, 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. Currently, this industry holds a Zacks Industry Rank of 237, positioning it in the bottom 5% 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.
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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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