It has been about a month since the last earnings report for Energy Transfer LP (ET). Shares have lost about 6.4% in that time frame, outperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is Energy Transfer LP due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.

How Have Estimates Been Moving Since Then?

It turns out, estimates review have trended downward during the past month.

VGM Scores

Currently, Energy Transfer LP has a subpar Growth Score of D, however its Momentum Score is doing a bit better with a C. However, the stock was allocated a grade of A on the value side, putting it in the top 20% for this investment strategy.

Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.

Outlook

Estimates have been broadly trending downward for the stock, and the magnitude of this revision indicates a downward shift. Notably, Energy Transfer LP has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry Player

Energy Transfer LP is part of the Zacks Oil and Gas - Production Pipeline - MLB industry. Over the past month, Enterprise Products Partners $(EPD.AU)$, a stock from the same industry, has gained 0.2%. The company reported its results for the quarter ended December 2024 more than a month ago.

Enterprise Products reported revenues of $14.2 billion in the last reported quarter, representing a year-over-year change of -2.9%. EPS of $0.74 for the same period compares with $0.72 a year ago.

For the current quarter, Enterprise Products is expected to post earnings of $0.69 per share, indicating a change of +4.6% from the year-ago quarter. The Zacks Consensus Estimate has changed +1.1% over the last 30 days.

Enterprise Products has a Zacks Rank #2 (Buy) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of B.

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Energy Transfer LP (ET) : Free Stock Analysis Report

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

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