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Enbridge (ENB) Declines More Than Market: Some Information for Investors
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In the latest close session, Enbridge (ENB - Free Report) was down 2.17% at $54.47. The stock's performance was behind the S&P 500's daily loss of 1.22%. Meanwhile, the Dow lost 0.98%, and the Nasdaq, a tech-heavy index, lost 1.35%.
Shares of the oil and natural gas transportation and power transmission company witnessed a loss of 1.95% over the previous month, beating the performance of the Oils-Energy sector with its loss of 6.85%, and underperforming the S&P 500's gain of 1.56%.
Analysts and investors alike will be keeping a close eye on the performance of Enbridge in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.44, marking a 6.38% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $11.22 billion, reflecting a 4.41% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.18 per share and a revenue of $51.3 billion, representing changes of +0.93% and +10.11%, respectively, from the prior 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. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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, the Zacks Consensus EPS estimate has shifted 0.17% upward. At present, Enbridge boasts a Zacks Rank of #3 (Hold).
Digging into valuation, Enbridge currently has a Forward P/E ratio of 25.57. This valuation marks a premium compared to its industry average Forward P/E of 18.56.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 62, finds itself in the top 26% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.
View the Zacks #1 Rank List
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Enbridge (ENB) Declines More Than Market: Some Information for Investors
In the latest close session, Enbridge (ENB - Free Report) was down 2.17% at $54.47. The stock's performance was behind the S&P 500's daily loss of 1.22%. Meanwhile, the Dow lost 0.98%, and the Nasdaq, a tech-heavy index, lost 1.35%.
Shares of the oil and natural gas transportation and power transmission company witnessed a loss of 1.95% over the previous month, beating the performance of the Oils-Energy sector with its loss of 6.85%, and underperforming the S&P 500's gain of 1.56%.
Analysts and investors alike will be keeping a close eye on the performance of Enbridge in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.44, marking a 6.38% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $11.22 billion, reflecting a 4.41% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.18 per share and a revenue of $51.3 billion, representing changes of +0.93% and +10.11%, respectively, from the prior 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. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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, the Zacks Consensus EPS estimate has shifted 0.17% upward. At present, Enbridge boasts a Zacks Rank of #3 (Hold).
Digging into valuation, Enbridge currently has a Forward P/E ratio of 25.57. This valuation marks a premium compared to its industry average Forward P/E of 18.56.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 62, finds itself in the top 26% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.