Western Midstream (WES) Beats Stock Market Upswing: What Investors Need to Know

Core Insights - Western Midstream's stock closed at $38.38, reflecting a gain of 1.8%, outperforming the S&P 500's increase of 0.8% on the same day [1] - The company experienced a monthly decline of 1.72%, underperforming the Oils-Energy sector's gain of 3.8% and the S&P 500's gain of 5.12% [1] Earnings Projections - The upcoming earnings per share (EPS) for Western Midstream is projected at $0.83, indicating a 14.43% decrease compared to the same quarter last year [2] - Revenue is anticipated to be $920.79 million, reflecting a 1.67% increase from the same quarter last year [2] Full-Year Estimates - Full-year Zacks Consensus Estimates predict earnings of $3.4 per share and revenue of $3.77 billion, representing year-over-year changes of -15.42% and +4.44%, respectively [3] - Recent analyst estimate revisions suggest a positive outlook for the company's near-term business trends [3] Stock Performance and Valuation - The Zacks Rank system indicates that Western Midstream currently holds a rank of 3 (Hold), with a recent EPS estimate increase of 0.1% [5] - The company has a Forward P/E ratio of 11.09, significantly lower than the industry average of 19.94, suggesting it is trading at a discount [6] Industry Context - The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector, holding a Zacks Industry Rank of 59, placing it in the top 24% of over 250 industries [6][7] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]