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Enbridge (ENB) Outperforms Broader Market: What You Need to Know
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Enbridge (ENB - Free Report) closed the most recent trading day at $53.30, moving +1.52% from the previous trading session. This change outpaced the S&P 500's 0.8% gain on the day. Meanwhile, the Dow lost 0.16%, and the Nasdaq, a tech-heavy index, added 1.63%.
Shares of the oil and natural gas transportation and power transmission company have depreciated by 3.67% over the course of the past month, underperforming the Oils-Energy sector's loss of 0.61%, and the S&P 500's gain of 8.11%.
Market participants will be closely following the financial results of Enbridge in its upcoming release. The company plans to announce its earnings on May 8, 2026. The company is predicted to post an EPS of $0.71, indicating a 1.39% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $12.82 billion, showing a 0.49% drop compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.24 per share and revenue of $47.06 billion, indicating changes of +3.7% and +1%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Enbridge. These revisions help to show the ever-changing nature of near-term business trends. 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. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 1.01% fall in the Zacks Consensus EPS estimate. Currently, Enbridge is carrying a Zacks Rank of #3 (Hold).
Investors should also note Enbridge's current valuation metrics, including its Forward P/E ratio of 23.48. This indicates a premium in contrast to its industry's Forward P/E of 18.41.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 96, positioning it in the top 40% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Enbridge (ENB) Outperforms Broader Market: What You Need to Know
Enbridge (ENB - Free Report) closed the most recent trading day at $53.30, moving +1.52% from the previous trading session. This change outpaced the S&P 500's 0.8% gain on the day. Meanwhile, the Dow lost 0.16%, and the Nasdaq, a tech-heavy index, added 1.63%.
Shares of the oil and natural gas transportation and power transmission company have depreciated by 3.67% over the course of the past month, underperforming the Oils-Energy sector's loss of 0.61%, and the S&P 500's gain of 8.11%.
Market participants will be closely following the financial results of Enbridge in its upcoming release. The company plans to announce its earnings on May 8, 2026. The company is predicted to post an EPS of $0.71, indicating a 1.39% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $12.82 billion, showing a 0.49% drop compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.24 per share and revenue of $47.06 billion, indicating changes of +3.7% and +1%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Enbridge. These revisions help to show the ever-changing nature of near-term business trends. 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. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 1.01% fall in the Zacks Consensus EPS estimate. Currently, Enbridge is carrying a Zacks Rank of #3 (Hold).
Investors should also note Enbridge's current valuation metrics, including its Forward P/E ratio of 23.48. This indicates a premium in contrast to its industry's Forward P/E of 18.41.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 96, positioning it in the top 40% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.