Why the Market Dipped But Enterprise Products Partners (EPD) Gained Today

Enterprise Products Partners (EPD) closed at $37.13 in the latest trading session, marking a +1.95% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 1.44%. On the other hand, the Dow registered a loss of 0.09%, and the technology-centric Nasdaq decreased by 2.22%. The provider of midstream energy services's stock has dropped by 8.1% in the past month, falling short of the Oils-Energy sector's loss of 7.14% and the S&P 500's gain of 0.08%.The upcoming earnings release of Enterprise Products Partners will be of great interest to investors. On that day, Enterprise Products Partners is projected to report earnings of $0.73 per share, which would represent year-over-year growth of 10.61%. In the meantime, our current consensus estimate forecasts the revenue to be $13.49 billion, indicating a 18.73% growth compared to the corresponding quarter of the prior year. EPD's full-year Zacks Consensus Estimates are calling for earnings of $2.98 per share and revenue of $56.02 billion. These results would represent year-over-year changes of +12.03% and +6.51%, respectively. Any recent changes to analyst estimates for Enterprise Products Partners should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability. Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.68% higher. Enterprise Products Partners currently has a Zacks Rank of #3 (Hold). Looking at valuation, Enterprise Products Partners is presently trading at a Forward P/E ratio of 12.22. This expresses a discount compared to the average Forward P/E of 13.26 of its industry. One should further note that EPD currently holds a PEG ratio of 1.3. 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. EPD's industry had an average PEG ratio of 1.3 as of yesterday's close. The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 104, finds itself in the top 43% echelons 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. Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks