In the latest close session, Enterprise Products Partners (EPD) was down 1.72% at $36.02. This change lagged the S&P 500's 0.17% loss on the day. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 0.09%.
Heading into today, shares of the provider of midstream energy services had lost 5.59% over the past month, lagging the Oils-Energy sector's gain of 0.04% and the S&P 500's loss of 0.24%.
The investment community will be closely monitoring the performance of Enterprise Products Partners in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.75, reflecting a 22.95% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $15.35 billion, up 27.65% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.02 per share and revenue of $63.5 billion. These totals would mark changes of +13.53% and +20.74%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Enterprise Products Partners. Such recent modifications usually signify the changing landscape of 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 exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 moved 0.35% lower. Right now, Enterprise Products Partners possesses a Zacks Rank of #3 (Hold).
In the context of valuation, Enterprise Products Partners is at present trading with a Forward P/E ratio of 12.13. Its industry sports an average Forward P/E of 13.7, so one might conclude that Enterprise Products Partners is trading at a discount comparatively.
We can also see that EPD currently has a PEG ratio of 1.35. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Oil and Gas - Production Pipeline - MLB was holding an average PEG ratio of 1.94 at yesterday's closing price.
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 57, placing it within the top 24% of over 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming 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).