In the latest trading session, Energy Transfer LP (ET) closed at $19.41, marking a +1.89% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.49%. Meanwhile, the Dow experienced a drop of 0.05%, and the technology-dominated Nasdaq saw a decrease of 0.9%.
Shares of the energy-related services provider witnessed a loss of 2.76% over the previous month, beating the performance of the Oils-Energy sector with its loss of 4.6%, and underperforming the S&P 500's gain of 12.8%.
The investment community will be closely monitoring the performance of Energy Transfer LP in its forthcoming earnings report. The company is scheduled to release its earnings on May 5, 2026. The company is forecasted to report an EPS of $0.38, showcasing a 5.56% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $29.28 billion, indicating a 39.32% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $1.51 per share and a revenue of $118.46 billion, demonstrating changes of +24.79% and +38.49%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Energy Transfer LP. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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 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. Over the past month, there's been a 1.95% rise in the Zacks Consensus EPS estimate. Energy Transfer LP is currently a Zacks Rank #3 (Hold).
In terms of valuation, Energy Transfer LP is presently being traded at a Forward P/E ratio of 12.66. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 12.66.
It is also worth noting that ET currently has a PEG ratio of 1.05. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Oil and Gas - Production Pipeline - MLB industry stood at 1.45 at the close of the market yesterday.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 190, placing it within the bottom 23% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the 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.
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Energy Transfer LP (ET): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).