Enbridge (ENB - Free Report) closed the most recent trading day at $33.47, moving +1.45% from the previous trading session. This change outpaced the S&P 500's 0.3% gain on the day. Meanwhile, the Dow 0%, and the Nasdaq, a tech-heavy index, added 0.92%.
Prior to today's trading, shares of the oil and natural gas transportation and power transmission company had gained 2.04% over the past month. This has outpaced the Oils-Energy sector's loss of 9.51% and the S&P 500's loss of 4.37% in that time.
Wall Street will be looking for positivity from ENB as it approaches its next earnings report date. This is expected to be February 15, 2019. The company is expected to report EPS of $0.48, unchanged from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.23 per share and revenue of $36.87 billion. These totals would mark changes of +44.81% and +2.26%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for ENB. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 6.45% higher. ENB is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that ENB has a Forward P/E ratio of 14.78 right now. Its industry sports an average Forward P/E of 16.23, so we one might conclude that ENB is trading at a discount comparatively.
Meanwhile, ENB's PEG ratio is currently 1.28. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Oil and Gas - Production and Pipelines stocks are, on average, holding a PEG ratio of 2.81 based on yesterday's closing prices.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 97, putting it in the top 38% 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.