Western Midstream closed up 1.74% at $49.03, outpacing the S&P 500's 0.86% gain, as the company heads into its upcoming earnings report with a Zacks Rank of #1 (Strong Buy). Analysts expect the company to report quarterly EPS of $0.89, a 2.3% increase from the year-ago quarter, on revenue of $1.2 billion, up 25.52% year over year. For the full year, the Zacks Consensus Estimates call for earnings of $3.66 per share and revenue of $4.67 billion, representing changes of +22.82% and +21.47%, respectively, from last year. Over the past month, the Zacks Consensus EPS estimate has moved 3.82% higher. The stock trades at a Forward P/E ratio of 13.18, a premium to its industry's average of 12.8, and a PEG ratio of 1.42, in line with its industry average.
Western Midstream Partners LPAnalysts raised EPS estimates and the stock carries a Zacks #1 Strong Buy ahead of earnings, with expected EPS and revenue growth.
