Enterprise Products Partners (EPD) Stock Moves -1.7%: What You Should Know

In the latest market close, Enterprise Products Partners (EPD) reached $33.47, with a -1.7% movement compared to the previous day. The stock exceeded the S&P 500, which registered a loss of 4.84% for the day. Meanwhile, the Dow experienced a drop of 3.98%, and the technology-dominated Nasdaq saw a decrease of 5.97%.

Coming into today, shares of the provider of midstream energy services had gained 2.9% in the past month. In that same time, the Oils-Energy sector gained 3.42%, while the S&P 500 lost 4.7%.

Analysts and investors alike will be keeping a close eye on the performance of Enterprise Products Partners in its upcoming earnings disclosure. The company’s upcoming EPS is projected at $0.70, signifying a 6.06% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $14.28 billion, reflecting a 3.26% fall from the equivalent quarter last year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.91 per share and a revenue of $58.1 billion, representing changes of +8.18% and +3.34%, respectively, from the prior year.

Investors should also take note of any recent adjustments to analyst estimates for Enterprise Products Partners. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.48% increase. Right now, Enterprise Products Partners possesses a Zacks Rank of #2 (Buy).

In terms of valuation, Enterprise Products Partners is currently trading at a Forward P/E ratio of 11.7. This represents a discount compared to its industry’s average Forward P/E of 13.43.

It’s also important to note that EPD currently trades at a PEG ratio of 1.38. 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 industry had an average PEG ratio of 1.17 as trading concluded yesterday.