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Energy Transfer LP (ET) Gains As Market Dips: What You Should Know
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Energy Transfer LP (ET - Free Report) ended the recent trading session at $18.93, demonstrating a +0.26% swing from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 1.12%. Elsewhere, the Dow saw a downswing of 0.31%, while the tech-heavy Nasdaq depreciated by 2.04%.
Coming into today, shares of the energy-related services provider had lost 0.21% in the past month. In that same time, the Oils-Energy sector gained 3.39%, while the S&P 500 lost 2.91%.
The investment community will be paying close attention to the earnings performance of Energy Transfer LP in its upcoming release. The company is forecasted to report an EPS of $0.32, showcasing no movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $24.01 billion, indicating a 11.03% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.40 per share and a revenue of $95.78 billion, signifying shifts of +9.38% and +15.85%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Energy Transfer LP. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 3.84% downward. Energy Transfer LP currently has a Zacks Rank of #3 (Hold).
In the context of valuation, Energy Transfer LP is at present trading with a Forward P/E ratio of 13.47. This valuation marks a premium compared to its industry's average Forward P/E of 13.36.
It's also important to note that ET currently trades at a PEG ratio of 0.63. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Oil and Gas - Production Pipeline - MLB industry had an average PEG ratio of 1.16 as trading concluded yesterday.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 16, finds itself in the top 7% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Energy Transfer LP (ET) Gains As Market Dips: What You Should Know
Energy Transfer LP (ET - Free Report) ended the recent trading session at $18.93, demonstrating a +0.26% swing from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 1.12%. Elsewhere, the Dow saw a downswing of 0.31%, while the tech-heavy Nasdaq depreciated by 2.04%.
Coming into today, shares of the energy-related services provider had lost 0.21% in the past month. In that same time, the Oils-Energy sector gained 3.39%, while the S&P 500 lost 2.91%.
The investment community will be paying close attention to the earnings performance of Energy Transfer LP in its upcoming release. The company is forecasted to report an EPS of $0.32, showcasing no movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $24.01 billion, indicating a 11.03% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.40 per share and a revenue of $95.78 billion, signifying shifts of +9.38% and +15.85%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Energy Transfer LP. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 3.84% downward. Energy Transfer LP currently has a Zacks Rank of #3 (Hold).
In the context of valuation, Energy Transfer LP is at present trading with a Forward P/E ratio of 13.47. This valuation marks a premium compared to its industry's average Forward P/E of 13.36.
It's also important to note that ET currently trades at a PEG ratio of 0.63. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Oil and Gas - Production Pipeline - MLB industry had an average PEG ratio of 1.16 as trading concluded yesterday.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 16, finds itself in the top 7% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.