analysis of statistics

Enterprise Products Partners LP (NYSE:EPD) shares traded on -1.24% below secure line and closed at $27.18. The stock exchanged hands 9.25 Million shares versus average trading capacity of 6.6 Million shares. It has a market cap of $55.92 Billion.

Wall Street analysts are predicting that Enterprise Products Partners LP (NYSE:EPD) will report earnings per share of $0.5 in their quarterly report. For the current quarter Enterprise Products Partners LP (NYSE:EPD) has high EPS estimates of $0.56 in contradiction of low EPS estimates of $0.46. However a year ago for the same quarter the company has reported $0.36 EPS. Average estimation for the current quarter has been provided by 19 analysts.

Investors as well as the sell-side will be paying close attention to how the actual numbers compare with the estimates. Earnings surprises can have a huge impact on a company’s stock price. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock’s price, but also to a gradual increase over time. Hence, it’s not surprising that some companies are known for routinely beating earning projections. A negative earnings surprise will usually result in a decline in share price.

A large surprise factor in either direction typically can lead to a significant swing in the stock price in the hours and days after the report. Previously Enterprise Products Partners LP (NYSE:EPD) reported $0.6 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.15 with surprise factor of 33.3%.

Enterprise Products Partners LP (NYSE:EPD) has average revenue estimates of $9.34 Billion, compared to low analyst estimates of $8.29 Billion and high estimates of $10.46 Billion for the current quarter. A total number of 7 analysts provided estimations over revenues. For the current year the company’s revenue estimates are $37.11 Billion compared to low analyst estimates of $35.64 Billion and high estimates of $39.95 Billion according to the prediction of 11 analysts.

Taking a broader look at the analyst consensus, according to 22 analysts Enterprise Products Partners LP (NYSE:EPD)’s price will reach at $33.82 during 52 weeks. Its minimum price target estimates has been figured out at $30 while the maximum price target forecast is established at $39.

On the other hand Enterprise Products Partners LP (NYSE:EPD) has Relative Strength Index (RSI 14) of 60.49 along with Average True Range (ATR 14) of 0.78. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock’s price movement. The RSI value will always move between 0 and 100; the value will be 0 if the stock falls on all 14 days, and 100, if the price moves up on all the days) as suggested by J Welles Wilder. In terms of market analysis and trading signals, RSI moving above the horizontal 30 reference level is viewed as a bullish indicator, while the RSI moving below the horizontal 70 reference level is seen to be a bearish indicator. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). The average true range (ATR) is a measure of volatility introduced by Welles Wilder.

Consequently Enterprise Products Partners LP (NYSE:EPD)’s weekly and monthly volatility is 2.53%, 2.88% respectively.