Putting the Pedal to the Metal, Can This Stock’s 3.78% Growth Continue: El Paso Electric Company (NYSE:EE)

Analysts are projecting El Paso Electric Company (NYSE:EE) to grow at an accelerated rate over the next five years.  Sell-side analysts are looking for the company to grow 3.78% over the next year and 5.10% over the next five years.

Many investors get into the stock market with unrealistic expectations. For whatever reason, they may have the mindset that snatching profits is easy. Thinking that profits can be doubled or tripled right away may lead the investor down the road of no return. Although the lucky few might hit some big winners right off the bat, these chances are quite low. Stocks tend to be volatile in the short-term. Unless investors have a game plan ready to capitalize on short-term movements, they may want to take a wider, longer-term approach. Trying to figure out which way the market will turn from one day to the next can be a highly frustrating procedure. Having the patience to thoroughly examine every trade can immensely boost the investor’s chances of surviving and thriving into the future.

EPS measures what each share is worth and also indicates how much money their sharehoders would gain if the company was to pay out all of its profits.  Earnings Per Share is computed by dividing the total profit by its total shares.  El Paso Electric Company’s trailing 12- months EPS is 2.60.  Last year, their EPS growth was 1.20% and their EPS growth over the past five years was 1.30%.  

RECENT PERFORMANCE

Let’s start off by taking a look at how the stock has been performing recently.  Over the past twelve months, El Paso Electric Company (NYSE:EE)’s stock was -0.92%.  Last week, it was 0.26%, -16.08% over the last quarter, and  -17.70% for the past half-year. 

Over the past 50 days, El Paso Electric Company stock was -16.20% off of the high and 3.35% removed from the low.  Their 52-Week High and Low are noted here.  -22.81% (High), 3.37%, (Low). 

HISTORICAL GROWTH

El Paso Electric Company (NYSE:EE)’s performance this year to date is -0.92%.  The stock has performed 0.26% over the last seven days, -9.41% over the last thirty, and -16.08% over the last three months.  Over the last six months, El Paso Electric Company’s stock has been -17.70% and -4.02% for the year.

FUTURE GROWTH ESTIMATES AND RECOMMENDATIONS

Wall Street analysts are have a consensus analyst recommendation of 3.50 on the stock.  This is based on a 1-5 scale where 1 represents a Strong Buy and 5 a Strong Sell.  Brokerages covering the name have a $53.33 on the stock.

On a typical market day there is no shortage of stock news. Investors are often tasked with trying to decipher which news is worth paying attention to and which isn’t. Not only is there plenty of swirling news, there are usually plenty of opinions that follow. Closely following market sentiment can be useful for some, but it may impede others when decisions need to be made. When it comes to dedicated stock research, taking shortcuts may result in disappointing portfolio performance. Investors have to be careful not to be tempted by the hot stocks of the day. Of course, maybe some of those stocks would fit well in the portfolio, but doing individual stock study can help confirm the addition.

The advice provided on this website is general advice only. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on this advice you should consider the appropriateness of the advice, having regard to your own objectives, financial situation and needs.  Where quoted, past performance is not indicative of future performance.