In the latest trading session, Enbridge (ENB) closed at $44.59, marking a -1.11% move from the previous day. This move lagged the S&P 500's daily gain of 0.14%. Meanwhile, the Dow experienced a drop of 0.04%, and the technology-dominated Nasdaq saw an increase of 0.38%.
Heading into today, shares of the oil and natural gas transportation and power transmission company had gained 0.69% over the past month, outpacing the Oils-Energy sector's loss of 0.85% and lagging the S&P 500's gain of 5.35%.
The investment community will be closely monitoring the performance of Enbridge in its forthcoming earnings report. The company is scheduled to release its earnings on August 1, 2025. It is anticipated that the company will report an EPS of $0.41, marking a 2.38% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $9.11 billion, indicating a 9.9% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.13 per share and revenue of $39.24 billion. These totals would mark changes of +6.5% and +0.68%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Enbridge. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.24% upward. As of now, Enbridge holds a Zacks Rank of #2 (Buy).
In the context of valuation, Enbridge is at present trading with a Forward P/E ratio of 21.17. This valuation marks a premium compared to its industry average Forward P/E of 17.15.
Also, we should mention that ENB has a PEG ratio of 4.23. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Oil and Gas - Production and Pipelines industry had an average PEG ratio of 2.07 as trading concluded yesterday.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 13, this industry ranks in the top 6% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Enbridge Inc (ENB): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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