In the latest trading session, Enbridge (ENB - Free Report) closed at $31.93, marking a -1.21% move from the previous day. This change was narrower than the S&P 500's daily loss of 2.33%. Elsewhere, the Dow lost 2.24%, while the tech-heavy Nasdaq lost 3.05%.
Coming into today, shares of the oil and natural gas transportation and power transmission company had lost 1.76% in the past month. In that same time, the Oils-Energy sector lost 7.26%, while the S&P 500 lost 1.93%.
Investors will be hoping for strength from ENB as it approaches 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.
ENB's full-year Zacks Consensus Estimates are calling for earnings of $2.09 per share and revenue of $36.87 billion. These results would represent year-over-year changes of +35.71% and +2.26%, respectively.
Any recent changes to analyst estimates for ENB should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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.
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. Within the past 30 days, our consensus EPS projection remained stagnant. ENB is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, ENB currently has a Forward P/E ratio of 15.46. This represents a discount compared to its industry's average Forward P/E of 16.42.
We can also see that ENB currently has a PEG ratio of 1.34. 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. ENB's industry had an average PEG ratio of 2.82 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 49, which puts it in the top 19% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.