Enterprise Products Partners (EPD) Advances While Market Declines: Some Information for Investors

Enterprise Products Partners (EPD) closed the most recent trading day at $37.20, moving +1.31% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.08%. Meanwhile, the Dow experienced a drop of 0.61%, and the technology-dominated Nasdaq saw an increase of 0.08%.

Coming into today, shares of the provider of midstream energy services had gained 4.35% in the past month. In that same time, the Oils-Energy sector gained 5.48%, while the S&P 500 lost 2.16%.

The investment community will be closely monitoring the performance of Enterprise Products Partners in its forthcoming earnings report. The company is predicted to post an EPS of $0.68, indicating a 6.25% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $13.04 billion, reflecting a 15.4% fall from the equivalent quarter last year.

For the full year, the Zacks Consensus Estimates project earnings of $2.81 per share and a revenue of $52.12 billion, demonstrating changes of +5.64% and -0.9%, respectively, from the preceding year.

Investors might also notice recent changes to analyst estimates for Enterprise Products Partners. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.1% lower within the past month. Enterprise Products Partners is holding a Zacks Rank of #3 (Hold) right now.

Looking at its valuation, Enterprise Products Partners is holding a Forward P/E ratio of 13.06. For comparison, its industry has an average Forward P/E of 13.01, which means Enterprise Products Partners is trading at a premium to the group.

We can also see that EPD currently has a PEG ratio of 2.61. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. EPD's industry had an average PEG ratio of 1.79 as of yesterday's close.

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 196, placing it within the bottom 20% of over 250 industries.

The Zacks Industry Rank gauges the strength of our 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.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding 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).

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