Western Midstream (WES) Stock Falls Amid Market Uptick: What Investors Need to Know

Core Viewpoint - Western Midstream is set to report its financial results, with expectations of earnings growth and revenue increase compared to the previous year [2][3]. Financial Performance - In the latest trading session, Western Midstream closed at $37.97, reflecting a -1.66% change from the previous day, underperforming the S&P 500's gain of 0.37% [1] - Over the past month, shares of Western Midstream have appreciated by 1.5%, lagging behind the Oils-Energy sector's gain of 2.31% and the S&P 500's gain of 4.26% [1] - The upcoming earnings report is projected to show earnings of $0.87 per share, representing a year-over-year growth of 17.57%, with revenue expected to be $954.2 million, indicating an 8.02% increase from the same quarter last year [2] - For the entire year, the Zacks Consensus Estimates forecast earnings of $3.4 per share and revenue of $3.76 billion, reflecting changes of -15.42% and +4.27% respectively compared to the previous year [3] Analyst Estimates - Recent changes to analyst estimates for Western Midstream are significant as they indicate the evolving business trends, with upward revisions suggesting analysts' positive outlook on the company's operations and profitability [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks Western Midstream at 3 (Hold), with a consensus EPS projection moving 1.34% higher in the past 30 days [6] Valuation Metrics - Western Midstream is trading at a Forward P/E ratio of 11.35, which is a discount compared to the industry average Forward P/E of 17.84 [7] - The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry, to which Western Midstream belongs, has a Zacks Industry Rank of 170, placing it within the bottom 32% of over 250 industries [7]