Enbridge (ENB) Surpasses Q4 Earnings and Revenue Estimates

Group 1 - Enbridge reported quarterly earnings of $0.53 per share, exceeding the Zacks Consensus Estimate of $0.52 per share, and up from $0.47 per share a year ago, representing an earnings surprise of 1.92% [1] - The company posted revenues of $11.59 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 142.43%, compared to year-ago revenues of $8.37 billion [2] - Enbridge shares have increased approximately 7.1% since the beginning of the year, outperforming the S&P 500's gain of 4% [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is $0.64 on revenues of $5.25 billion, and for the current fiscal year, it is $2.15 on revenues of $20.44 billion [7] - The Zacks Industry Rank for Oil and Gas - Production and Pipelines is currently in the bottom 35% of over 250 Zacks industries, indicating potential challenges for stock performance [8] Group 3 - Enbridge has surpassed consensus EPS estimates two times over the last four quarters and topped consensus revenue estimates three times in the same period [2] - The estimate revisions trend for Enbridge is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6]