Enterprise Products Partners (EPD) Stock Sinks As Market Gains: Here's Why

Company Performance - Enterprise Products Partners (EPD) closed at $31.73, reflecting a -1.34% change from the previous day, underperforming the S&P 500 which gained 0.62% [1] - The stock has decreased by 1.68% over the past month, lagging behind the Oils-Energy sector's gain of 0.26% and the S&P 500's gain of 0.59% [1] Upcoming Earnings - The company is expected to report an EPS of $0.7, which represents a 5.41% decline compared to the same quarter last year [2] - Revenue is anticipated to be $13.15 billion, indicating a 7.43% decrease from the same quarter of the previous year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are projected at $2.62 per share, reflecting a -2.6% change from the previous year, while revenue is estimated to remain flat at $51.62 billion [3] Analyst Estimates - Recent adjustments to analyst estimates for Enterprise Products Partners are crucial as they reflect short-term business dynamics [4] - Upward revisions in estimates indicate analysts' positive outlook on the company's operations and profit generation capabilities [4] Zacks Rank and Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates Enterprise Products Partners at 3 (Hold) [6] - Over the past month, there has been no change in the Zacks Consensus EPS estimate [6] Valuation Metrics - Enterprise Products Partners is trading at a Forward P/E ratio of 11.29, which is lower than the industry average Forward P/E of 11.94 [7] - The company has a PEG ratio of 2.26, compared to the industry average PEG ratio of 1.56 [7] Industry Context - The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector and holds a Zacks Industry Rank of 43, placing it in the top 18% of over 250 industries [8] - The Zacks Industry Rank assesses the strength of industry groups based on the average Zacks Rank of individual stocks, with top-rated industries outperforming lower-rated ones by a factor of 2 to 1 [8]