In the latest close session, Western Midstream (WES) was up +1.96% at $42.21. The stock outperformed the S&P 500, which registered a daily loss of 0.04%. On the other hand, the Dow registered a loss of 0.57%, and the technology-centric Nasdaq increased by 0.04%.
The stock of oil and gas transportation and storage company has risen by 0.56% in the past month, leading the Oils-Energy sector's loss of 3.74% and undershooting the S&P 500's gain of 12.24%.
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 6, 2026. The company's upcoming EPS is projected at $0.74, signifying a 6.33% drop compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $994.13 million, indicating a 8.4% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $3.25 per share and a revenue of $4.04 billion, demonstrating changes of +9.06% and +5.19%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Western Midstream. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.65% upward. Western Midstream is holding a Zacks Rank of #3 (Hold) right now.
Looking at valuation, Western Midstream is presently trading at a Forward P/E ratio of 12.72. This indicates a discount in contrast to its industry's Forward P/E of 14.81.
The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 48, putting it in the top 20% of all 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Western Midstream Partners, LP (WES): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).