Western Midstream (WES) Ascends But Remains Behind Market: Some Facts to Note

Core Viewpoint - Western Midstream is experiencing fluctuations in stock performance, with upcoming earnings expected to show growth in EPS and revenue compared to the previous year [2][3]. Company Performance - In the latest trading session, Western Midstream's stock increased by 1.05% to $37.65, underperforming the S&P 500's gain of 1.56% [1]. - Over the past month, the company's shares have decreased by 2.84%, slightly better than the Oils-Energy sector's loss of 2.93% but lagging behind the S&P 500's gain of 0.41% [1]. Earnings Estimates - The upcoming EPS for Western Midstream is projected at $0.87, indicating a 17.57% increase year-over-year [2]. - Revenue is expected to reach $954.2 million, reflecting an 8.02% increase compared to the same quarter last year [2]. - For the full year, earnings are estimated at $3.4 per share, a decrease of 15.42% from the previous year, while revenue is projected at $3.76 billion, an increase of 4.27% [3]. Analyst Sentiment - Recent modifications to analyst estimates for Western Midstream are crucial, as they often indicate changes in short-term business dynamics [4]. - Positive revisions in estimates suggest analysts' confidence in the company's performance and profit potential [4]. Valuation Metrics - Western Midstream is currently trading at a Forward P/E ratio of 10.95, which is lower than the industry average Forward P/E of 16.95 [7]. - The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry, part of the Oils-Energy sector, holds a Zacks Industry Rank of 93, placing it in the top 38% of over 250 industries [7]. Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a strong historical performance, with 1 stocks averaging an annual return of +25% since 1988 [6]. - Western Midstream currently holds a Zacks Rank of 3 (Hold), with a recent consensus EPS projection increase of 1.34% over the past 30 days [6].