We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Enbridge (ENB) Gains But Lags Market: What You Should Know
Read MoreHide Full Article
Enbridge (ENB - Free Report) closed at $32.27 in the latest trading session, marking a +0.31% move from the prior day. The stock lagged the S&P 500's daily gain of 1.06%. Meanwhile, the Dow gained 0.83%, and the Nasdaq, a tech-heavy index, added 1.72%.
Coming into today, shares of the oil and natural gas transportation and power transmission company had lost 0.74% in the past month. In that same time, the Oils-Energy sector lost 9.12%, while the S&P 500 lost 2.09%.
ENB will be looking to display strength as it nears its next earnings release, which is expected to be February 15, 2019. On that day, ENB is projected to report earnings of $0.48 per share, which would represent no growth from the prior-year quarter.
ENB's full-year Zacks Consensus Estimates are calling for earnings of $2.23 per share and revenue of $36.87 billion. These results would represent year-over-year changes of +44.81% and +2.26%, respectively.
Investors should also note any recent changes to analyst estimates for ENB. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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. Over the past month, the Zacks Consensus EPS estimate has moved 6.45% higher. ENB is currently a Zacks Rank #3 (Hold).
Digging into valuation, ENB currently has a Forward P/E ratio of 14.41. This represents a discount compared to its industry's average Forward P/E of 16.84.
Also, we should mention that ENB has a PEG ratio of 1.25. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. ENB's industry had an average PEG ratio of 2.79 as of yesterday's close.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 103, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Enbridge (ENB) Gains But Lags Market: What You Should Know
Enbridge (ENB - Free Report) closed at $32.27 in the latest trading session, marking a +0.31% move from the prior day. The stock lagged the S&P 500's daily gain of 1.06%. Meanwhile, the Dow gained 0.83%, and the Nasdaq, a tech-heavy index, added 1.72%.
Coming into today, shares of the oil and natural gas transportation and power transmission company had lost 0.74% in the past month. In that same time, the Oils-Energy sector lost 9.12%, while the S&P 500 lost 2.09%.
ENB will be looking to display strength as it nears its next earnings release, which is expected to be February 15, 2019. On that day, ENB is projected to report earnings of $0.48 per share, which would represent no growth from the prior-year quarter.
ENB's full-year Zacks Consensus Estimates are calling for earnings of $2.23 per share and revenue of $36.87 billion. These results would represent year-over-year changes of +44.81% and +2.26%, respectively.
Investors should also note any recent changes to analyst estimates for ENB. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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. Over the past month, the Zacks Consensus EPS estimate has moved 6.45% higher. ENB is currently a Zacks Rank #3 (Hold).
Digging into valuation, ENB currently has a Forward P/E ratio of 14.41. This represents a discount compared to its industry's average Forward P/E of 16.84.
Also, we should mention that ENB has a PEG ratio of 1.25. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. ENB's industry had an average PEG ratio of 2.79 as of yesterday's close.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 103, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.