Western Midstream (WES) ended the recent trading session at $47.52, demonstrating a +1.13% change from the preceding day's closing price. This move lagged the S&P 500's daily gain of 1.66%. On the other hand, the Dow registered a gain of 1.19%, and the technology-centric Nasdaq increased by 2.78%.
Coming into today, shares of the oil and gas transportation and storage company had gained 8.95% in the past month. In that same time, the Oils-Energy sector gained 5.33%, while the S&P 500 lost 1.49%.
Investors will be eagerly watching for the performance of Western Midstream in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 5, 2026. In that report, analysts expect Western Midstream to post earnings of $0.9 per share. This would mark year-over-year growth of 3.45%. Our most recent consensus estimate is calling for quarterly revenue of $1.13 billion, up 19.96% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.49 per share and a revenue of $4.47 billion, signifying shifts of +17.11% and +16.22%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Western Midstream. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
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 shifted 1.29% upward. As of now, Western Midstream holds a Zacks Rank of #2 (Buy).
Investors should also note Western Midstream's current valuation metrics, including its Forward P/E ratio of 13.48. For comparison, its industry has an average Forward P/E of 13.48, which means Western Midstream is trading at no noticeable deviation to the group.
It's also important to note that WES currently trades at a PEG ratio of 1.95. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Oil and Gas - Refining and Marketing - Master Limited Partnerships industry stood at 1.65 at the close of the market yesterday.
The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 23, finds itself in the top 10% echelons of all 250+ industries.
The Zacks Industry Rank is ordered 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.
See Stocks Now >>Want 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
Western Midstream Partners, LP (WES): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).