Western Midstream(US:WES) ZACKSยท2024-10-01 23:21Company Performance - Western Midstream (WES) stock closed at $38.51, with a daily increase of +0.65%, outperforming the S&P 500 which fell by 0.93% [1] - The stock has decreased by 0.83% over the past month, underperforming the Oils-Energy sector's decline of 2.51% and lagging behind the S&P 500's gain of 2.17% [1] Upcoming Earnings - The upcoming earnings disclosure is expected to show an EPS of $0.85, representing a 21.43% increase year-over-year [2] - Revenue is projected at $916.7 million, reflecting an 18.13% rise from the same quarter last year [2] Full Year Projections - For the full year, earnings are estimated at $4.16 per share and revenue at $3.69 billion, indicating increases of +60% and +18.88% respectively from the previous year [3] Analyst Estimates - Recent changes in analyst estimates for Western Midstream may indicate shifting business trends, with positive revisions suggesting optimism about the company's outlook [3][4] Valuation Metrics - Western Midstream is currently trading at a Forward P/E ratio of 9.21, which is below the industry average of 19.14 [6] - The company has a PEG ratio of 0.72, compared to the industry average PEG ratio of 0.95 [7] Industry Context - The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry, to which Western Midstream belongs, is ranked 195 out of over 250 industries, placing it in the bottom 23% [8] - The Zacks Industry Rank indicates that top-rated industries tend to outperform lower-rated ones by a factor of 2 to 1 [8]