Western Midstream closed at $48.19, down 2.23% from the prior session, a steeper decline than the S&P 500's 0.59% loss. Ahead of its upcoming earnings release, analysts expect the company to post earnings of $0.89 per share, up 2.3% year over year, on quarterly revenue of $1.2 billion, up 25.52% from the year-ago period. For the full year, the Zacks Consensus Estimates project earnings of $3.66 per share and revenue of $4.67 billion, representing changes of +22.82% and +21.47%, respectively. Over the last 30 days, the Zacks Consensus EPS estimate has risen 4.01%, and Western Midstream currently carries a Zacks Rank of #1 (Strong Buy). The stock trades at a Forward P/E ratio of 13.45, a premium to its industry's 12.83, with a PEG ratio of 1.45.
Western Midstream Partners LPAnalysts raised the Zacks Consensus EPS estimate 4.01% over 30 days and the stock carries a #1 Strong Buy rank ahead of earnings.
