In the latest trading session, Enbridge (ENB - Free Report) closed at $32.72, marking a -1.09% move from the previous day. This move lagged the S&P 500's daily gain of 0.82%. Meanwhile, the Dow gained 0.79%, and the Nasdaq, a tech-heavy index, added 0.79%.
Coming into today, shares of the oil and natural gas transportation and power transmission company had gained 4.45% in the past month. In that same time, the Oils-Energy sector lost 0.98%, while the S&P 500 gained 3.94%.
ENB will be looking to display strength as it nears its next earnings release, which 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.
Any recent changes to analyst estimates for ENB should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. 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 1.76% higher within the past month. ENB is currently a Zacks Rank #3 (Hold).
In terms of valuation, ENB is currently trading at a Forward P/E ratio of 14.82. This valuation marks a discount compared to its industry's average Forward P/E of 16.69.
Also, we should mention that ENB has a PEG ratio of 1.28. 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 industry currently has a Zacks Industry Rank of 59, which puts it in the top 23% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ENB in the coming trading sessions, be sure to utilize Zacks.com.