Yahoo Finance Eni SpA (E) Dips More Than Broader Markets: What You Should Know
Eni SpA (E) closed the most recent trading day at $29.15, moving -0.99% from the previous trading session. This change lagged the S&P 500's 0.58% loss on the day. Meanwhile, the Dow lost 0.59%, and the Nasdaq, a tech-heavy index, lost 1.54%.
Coming into today, shares of the energy company had gained 1.73% in the past month. In that same time, the Oils-Energy sector lost 1.82%, while the S&P 500 gained 2%.
Wall Street will be looking for positivity from Eni SpA as it approaches its next earnings report date. In that report, analysts expect Eni SpA to post earnings of $1.70 per share. This would mark a year-over-year decline of 16.67%.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.47 per share and revenue of $77.41 billion, which would represent changes of -31.37% and -43.8%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Eni SpA. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Eni SpA is currently sporting a Zacks Rank of #5 (Strong Sell).
Valuation is also important, so investors should note that Eni SpA has a Forward P/E ratio of 5.38 right now. Its industry sports an average Forward P/E of 5.64, so we one might conclude that Eni SpA is trading at a discount comparatively.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 87, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow E in the coming trading sessions, be sure to utilize Zacks.com.
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Eni SpA (E) : Free Stock Analysis Report
