Enbridge (ENB - Free Report) closed at $36.84 in the latest trading session, marking a -0.67% move from the prior day. This move lagged the S&P 500's daily loss of 0.61%. At the same time, the Dow lost 0.72%, and the tech-heavy Nasdaq lost 0.56%.
Coming into today, shares of the oil and natural gas transportation and power transmission company had gained 1.64% in the past month. In that same time, the Oils-Energy sector gained 5.73%, while the S&P 500 gained 5.68%.
Wall Street will be looking for positivity from ENB as it approaches its next earnings report date. The company is expected to report EPS of $0.48, down 41.46% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.72 per share and revenue of $35.96 billion. These totals would mark changes of -16.1% and -6.57%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for ENB. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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. The Zacks Consensus EPS estimate has moved 0.48% lower within the past month. ENB is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, ENB currently has a Forward P/E ratio of 21.54. For comparison, its industry has an average Forward P/E of 16.87, which means ENB is trading at a premium to the group.
We can also see that ENB currently has a PEG ratio of 2.39. 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. ENB's industry had an average PEG ratio of 2.63 as of yesterday's close.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 180, putting it in the bottom 30% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.