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Enbridge (ENB) Stock Moves -0.33%: What You Should Know
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Enbridge (ENB - Free Report) closed at $39.08 in the latest trading session, marking a -0.33% move from the prior day. This change was narrower than the S&P 500's 0.75% loss on the day.
Coming into today, shares of the oil and natural gas transportation and power transmission company had lost 2.97% in the past month. In that same time, the Oils-Energy sector lost 8.62%, while the S&P 500 gained 2.74%.
ENB will be looking to display strength as it nears its next earnings release, which is expected to be July 30, 2021. The company is expected to report EPS of $0.47, up 14.63% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.17 per share and revenue of $38.83 billion. These totals would mark changes of +19.89% and +32.75%, respectively, from last year.
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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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 has moved 0.8% lower within the past month. ENB currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that ENB has a Forward P/E ratio of 18.11 right now. This valuation marks a premium compared to its industry's average Forward P/E of 14.94.
Also, we should mention that ENB has a PEG ratio of 3.02. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Production and Pipelines was holding an average PEG ratio of 3.02 at yesterday's closing price.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 84, which puts it in the top 34% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Enbridge (ENB) Stock Moves -0.33%: What You Should Know
Enbridge (ENB - Free Report) closed at $39.08 in the latest trading session, marking a -0.33% move from the prior day. This change was narrower than the S&P 500's 0.75% loss on the day.
Coming into today, shares of the oil and natural gas transportation and power transmission company had lost 2.97% in the past month. In that same time, the Oils-Energy sector lost 8.62%, while the S&P 500 gained 2.74%.
ENB will be looking to display strength as it nears its next earnings release, which is expected to be July 30, 2021. The company is expected to report EPS of $0.47, up 14.63% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.17 per share and revenue of $38.83 billion. These totals would mark changes of +19.89% and +32.75%, respectively, from last year.
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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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 has moved 0.8% lower within the past month. ENB currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that ENB has a Forward P/E ratio of 18.11 right now. This valuation marks a premium compared to its industry's average Forward P/E of 14.94.
Also, we should mention that ENB has a PEG ratio of 3.02. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Production and Pipelines was holding an average PEG ratio of 3.02 at yesterday's closing price.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 84, which puts it in the top 34% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.