Enterprise Products Partners (EPD) ended the recent trading session at $33.50, demonstrating a -0.53% swing from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.16%. Meanwhile, the Dow experienced a rise of 0.01%, and the technology-dominated Nasdaq saw an increase of 0.46%.

The provider of midstream energy services's shares have seen an increase of 0.12% over the last month, not keeping up with the Oils-Energy sector's gain of 1.79% and outstripping the S&P 500's loss of 3.59%.

Analysts and investors alike will be keeping a close eye on the performance of Enterprise Products Partners in its upcoming earnings disclosure. On that day, Enterprise Products Partners is projected to report earnings of $0.70 per share, which would represent year-over-year growth of 6.06%. Meanwhile, the latest consensus estimate predicts the revenue to be $14.28 billion, indicating a 3.26% decrease compared to the same quarter of the previous year.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.91 per share and a revenue of $58.1 billion, signifying shifts of +8.18% and +3.34%, respectively, from the last year.

Investors should also take note of any recent adjustments to analyst estimates for Enterprise Products Partners. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.55% increase. Enterprise Products Partners is currently sporting a Zacks Rank of #3 (Hold).

Digging into valuation, Enterprise Products Partners currently has a Forward P/E ratio of 11.57. Its industry sports an average Forward P/E of 13.17, so one might conclude that Enterprise Products Partners is trading at a discount comparatively.

It is also worth noting that EPD currently has a PEG ratio of 1.37. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. EPD's industry had an average PEG ratio of 1.17 as of yesterday's close.

The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 14, putting it in the top 6% of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

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This article originally published on Zacks Investment Research (zacks.com).

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