Enterprise Products Partners (EPD) closed at $25.43 in the latest trading session, marking a +0.67% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.54%.
Heading into today, shares of the provider of midstream energy services had gained 5.65% over the past month, outpacing the Oils-Energy sector's gain of 5.44% and the S&P 500's gain of 1.91% 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 $0.50 per share. This would mark year-over-year growth of 6.38%. Our most recent consensus estimate is calling for quarterly revenue of $7.7 billion, up 33.81% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.16 per share and revenue of $33.62 billion. These totals would mark changes of +2.37% and +23.62%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for EPD. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
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. The Zacks Consensus EPS estimate has moved 0.58% higher within the past month. EPD currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that EPD has a Forward P/E ratio of 11.7 right now. For comparison, its industry has an average Forward P/E of 11.36, which means EPD is trading at a premium to the group.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 109, which puts it in the top 43% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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