A month has gone by since the last earnings report for Western Midstream (WES). Shares have added about 2.8% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Western Midstream due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
It turns out, estimates revision flatlined during the past month.
At this time, Western Midstream has a subpar Growth Score of D, however its Momentum Score is doing a lot better with a B. Charting a somewhat similar path, the stock was allocated a grade of C on the value side, putting it in the middle 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.
Western Midstream has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Western Midstream is part of the Zacks Oil and Gas - Refining and Marketing - Master Limited Partnerships industry. Over the past month, Targa Resources, Inc. (TRGP), a stock from the same industry, has gained 1.8%. The company reported its results for the quarter ended December 2024 more than a month ago.
Targa Resources reported revenues of $4.41 billion in the last reported quarter, representing a year-over-year change of +3.9%. EPS of $1.44 for the same period compares with $1.23 a year ago.
For the current quarter, Targa Resources is expected to post earnings of $2.04 per share, indicating a change of +67.2% from the year-ago quarter. The Zacks Consensus Estimate has changed +4.4% over the last 30 days.
Targa Resources has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of A.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Western Midstream Partners, LP (WES) : Free Stock Analysis Report
Targa Resources, Inc. (TRGP) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。