Enterprise Products Partners (EPD) Rises As Market Takes a Dip: Key Facts

Core Viewpoint - Enterprise Products Partners (EPD) is expected to report strong financial results, with anticipated earnings per share (EPS) growth and significant revenue increase compared to the previous year [2][8]. Financial Performance - EPD plans to announce its earnings on July 30, 2024, with an expected EPS of $0.66, reflecting a 15.79% increase year-over-year [2]. - The revenue forecast for the same quarter is $14.03 billion, indicating a 31.74% growth compared to the prior year [2]. - For the entire fiscal year, the consensus estimates project earnings of $2.72 per share and revenue of $58.34 billion, representing changes of +7.51% and +17.35%, respectively, from the previous year [8]. Analyst Estimates and Ratings - Recent modifications to analyst estimates for EPD suggest a positive outlook, with the Zacks Consensus EPS estimate moving 0.15% lower over the last 30 days [3][4]. - EPD currently holds a Zacks Rank of 3 (Hold), indicating a neutral position in the market [4]. - The company has a PEG ratio of 1.38, which is in line with the industry average [5]. Industry Context - The Oil and Gas - Production Pipeline - MLB industry, to which EPD belongs, ranks in the top 15% of all industries according to the Zacks Industry Rank [11]. - EPD's shares have gained 4.63% over the past month, outperforming the Oils-Energy sector's loss of 7.9% and the S&P 500's gain of 4.43% during the same period [7]. Valuation Metrics - EPD is currently trading at a Forward P/E ratio of 10.87, which is lower than the industry average of 12.61, suggesting that EPD may be undervalued [10].