In the latest trading session, Energy Transfer LP (ET) closed at $18.85, marking a -1.77% move from the previous day. This change lagged the S&P 500's daily gain of 1.02%. Elsewhere, the Dow saw an upswing of 0.63%, while the tech-heavy Nasdaq appreciated by 1.23%.
Heading into today, shares of the energy-related services provider had gained 2.35% over the past month, lagging the Oils-Energy sector's gain of 5.11% and outpacing the S&P 500's gain of 0.63%.
Investors will be eagerly watching for the performance of Energy Transfer LP in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on May 5, 2026. On that day, Energy Transfer LP is projected to report earnings of $0.38 per share, which would represent year-over-year growth of 5.56%. In the meantime, our current consensus estimate forecasts the revenue to be $29.97 billion, indicating a 42.59% growth compared to the corresponding quarter of the prior year.
ET's full-year Zacks Consensus Estimates are calling for earnings of $1.48 per share and revenue of $120.25 billion. These results would represent year-over-year changes of +22.31% and +40.59%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Energy Transfer LP. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.25% lower. Energy Transfer LP currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Energy Transfer LP has a Forward P/E ratio of 12.98 right now. For comparison, its industry has an average Forward P/E of 13.19, which means Energy Transfer LP is trading at a discount to the group.
We can additionally observe that ET currently boasts a PEG ratio of 1.07. 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 1.48 at yesterday's closing price.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 211, positioning it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within 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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Energy Transfer LP (ET): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).