In the latest market close, Enterprise Products Partners (EPD) reached $33.09, with a -0.69% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 1.12%. Elsewhere, the Dow saw an upswing of 1.14%, while the tech-heavy Nasdaq appreciated by 1.46%.

Heading into today, shares of the provider of midstream energy services had gained 1% over the past month, outpacing the Oils-Energy sector's loss of 5.86% and the S&P 500's loss of 4.13% in that time.

The investment community will be paying close attention to the earnings performance of Enterprise Products Partners in its upcoming release. The company is forecasted to report an EPS of $0.69, showcasing a 4.55% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $14.38 billion, down 2.55% from the year-ago period.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.90 per share and a revenue of $59.26 billion, indicating changes of +7.81% and +5.41%, respectively, from the former year.

Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Enterprise Products Partners. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 1.9% rise in the Zacks Consensus EPS estimate. Right now, Enterprise Products Partners possesses a Zacks Rank of #2 (Buy).

In the context of valuation, Enterprise Products Partners is at present trading with a Forward P/E ratio of 11.51. This represents a discount compared to its industry's average Forward P/E of 12.63.

Meanwhile, EPD's PEG ratio is currently 1.36. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Oil and Gas - Production Pipeline - MLB industry was having an average PEG ratio of 1.14.

The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 4, putting it in the top 2% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

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

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