Energy Transfer LP (ET) Outperforms Broader Market: What You Need to Know

Energy Transfer LP (ET) closed the most recent trading day at $21.06, moving +0.67% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.53%. Meanwhile, the Dow gained 0.93%, and the Nasdaq, a tech-heavy index, added 0.22%.Shares of the energy-related services provider have appreciated by 6.73% over the course of the past month, outperforming the Oils-Energy sector's loss of 1.54% and the S&P 500's gain of 2.69%.The investment community will be closely monitoring the performance of Energy Transfer LP in its forthcoming earnings report. The company is scheduled to release its earnings on February 11, 2025. The company is forecasted to report an EPS of $0.36, showcasing a 2.7% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $24.26 billion, indicating a 18.15% upward movement from the same quarter last year.Investors might also notice recent changes to analyst estimates for Energy Transfer LP. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.63% decrease. Energy Transfer LP is currently a Zacks Rank #3 (Hold).In terms of valuation, Energy Transfer LP is presently being traded at a Forward P/E ratio of 14.43. This indicates a discount in contrast to its industry's Forward P/E of 14.77.We can also see that ET currently has a PEG ratio of 0.55. 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 of the close of trade yesterday, the Oil and Gas - Production Pipeline - MLB industry held an average PEG ratio of 1.5.The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 55, placing it within the top 22% of over 250 industries.The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow ET in the coming trading sessions, be sure to utilize Zacks.com.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.1% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>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 Energy Transfer LP (ET): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks