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Williams Companies, Inc. (The) (WMB) Stock Falls Amid Market Uptick: What Investors Need to Know
WMBWilliams(WMB) Zacks Investment Research·2024-03-08 00:16

Company Performance - Williams Companies, Inc. (WMB) ended the latest trading session at $35.92, reflecting a -1.67% adjustment from the previous day's close, underperforming the S&P 500 which gained 1.03% [1] - Over the past month, WMB shares have appreciated by 6.53%, outperforming the Oils-Energy sector's gain of 4.1% and the S&P 500's gain of 3.21% [1] - The upcoming earnings report is anticipated to show an EPS of $0.51, an 8.93% decline compared to the same quarter last year, with revenue expected at $2.89 billion, down 6.1% from the prior-year quarter [1] Earnings Estimates - For the full year, Zacks Consensus Estimates project earnings of $1.88 per share and revenue of $11.46 billion, representing changes of -1.57% and +41.06% respectively from the prior year [2] - Recent changes in analyst estimates for WMB are crucial as they indicate the evolving business trends, with positive revisions suggesting optimism about the company's outlook [2] Valuation Metrics - WMB currently has a Forward P/E ratio of 19.39, which is a premium compared to the industry average Forward P/E of 15.42 [3] - The company has a PEG ratio of 5.54, while the average PEG ratio for the Oil and Gas - Production and Pipelines industry is 4.39 [3] Industry Context - The Oil and Gas - Production and Pipelines industry ranks in the bottom 32% of all industries, with a current Zacks Industry Rank of 173 [4] - The Zacks Industry Rank measures the strength of industry groups, indicating that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]