Western Midstream (WES) Declines More Than Market: Some Information for Investors

Company Performance - Western Midstream (WES) closed at $39.63, reflecting a -1.05% change from the previous day, underperforming the S&P 500's daily loss of 0.29% [1] - The stock has increased by 6.49% over the past month, outperforming the Oils-Energy sector's loss of 2.45% and the S&P 500's gain of 1.57% [1] Upcoming Earnings - The upcoming earnings release is anticipated, with an expected EPS of $0.85, indicating a 21.43% growth year-over-year [2] - The Zacks Consensus Estimate for revenue is projected at $916.7 million, an increase of 18.13% from the previous year [2] Full-Year Estimates - Full-year Zacks Consensus Estimates predict earnings of $4.16 per share and revenue of $3.69 billion, representing year-over-year changes of +60% and +18.88%, respectively [3] - Recent changes to analyst estimates suggest a positive outlook for the company's business [3] Valuation Metrics - Western Midstream has a Forward P/E ratio of 9.64, indicating a discount compared to its industry's Forward P/E of 19.19 [6] - The company has a PEG ratio of 0.76, lower than the industry average PEG ratio of 0.98 [6] Industry Context - The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector and currently holds a Zacks Industry Rank of 209, placing it in the bottom 18% of over 250 industries [7] - The strength of individual industry groups is measured by the Zacks Industry Rank, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [8]