Enterprise Products Partners (EPD) ended the recent trading session at $38.00, demonstrating a +1.28% change from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 0.51%. On the other hand, the Dow registered a loss of 0.2%, and the technology-centric Nasdaq decreased by 1.47%.
The provider of midstream energy services's shares have seen an increase of 2.74% over the last month, surpassing the Oils-Energy sector's gain of 0.92% and the S&P 500's gain of 0.53%.
Market participants will be closely following the financial results of Enterprise Products Partners in its upcoming release. The company plans to announce its earnings on July 30, 2026. The company's upcoming EPS is projected at $0.74, signifying a 12.12% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $13.49 billion, indicating a 18.73% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $3.01 per share and a revenue of $56.02 billion, demonstrating changes of +13.16% and +6.51%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Enterprise Products Partners. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Enterprise Products Partners currently has a Zacks Rank of #2 (Buy).
In terms of valuation, Enterprise Products Partners is currently trading at a Forward P/E ratio of 12.47. This denotes a discount relative to the industry average Forward P/E of 14.38.
Meanwhile, EPD's PEG ratio is currently 1.32. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Oil and Gas - Production Pipeline - MLB stocks are, on average, holding a PEG ratio of 1.32 based on yesterday's closing prices.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 43, this industry ranks in the top 18% of all industries, numbering over 250.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Enterprise Products Partners L.P. (EPD): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).