TXO Partners(US:TXO) ZACKSยท2024-06-25 23:21Company Performance - TXO Partners LP closed at $21.93, reflecting a +0.14% change from the previous session, outperforming the S&P 500's daily gain of 0.09% [1] - Over the past month, TXO shares gained 3.35%, surpassing the Oils-Energy sector's loss of 0.69% and the S&P 500's gain of 2.83% [1] Upcoming Earnings - Analysts expect TXO Partners LP to report earnings of $0.26 per share, indicating a year-over-year growth of 425% [2] - The consensus estimate for revenue is $64.42 million, representing a 6.53% increase from the same quarter last year [2] Annual Estimates - For the annual period, Zacks Consensus Estimates project earnings of $1.28 per share and revenue of $277.94 million, reflecting shifts of -4.48% and -27% from the previous year, respectively [3] - Recent adjustments to analyst estimates are crucial as they reflect near-term business trends, with positive revisions indicating analysts' confidence in the company's performance [3] Valuation Metrics - TXO Partners LP has a Forward P/E ratio of 17.11, which is a premium compared to the industry's average Forward P/E of 14.68 [6] - The Energy and Pipeline - Master Limited Partnerships industry is part of the Oils-Energy sector and currently holds a Zacks Industry Rank of 97, placing it in the top 39% of over 250 industries [6] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a proven track record of outperforming, with stocks rated 1 producing an average annual return of +25% since 1988 [5] - TXO Partners LP currently holds a Zacks Rank of 4 (Sell), with a 3.76% decline in the Zacks Consensus EPS estimate over the past month [5]