Enbridge (ENB) Beats Q2 Earnings and Revenue Estimates

Company Performance - Enbridge reported quarterly earnings of $0.47 per share, exceeding the Zacks Consensus Estimate of $0.41 per share, and up from $0.42 per share a year ago [1] - The earnings surprise for this quarter was +14.63%, and the company has surpassed consensus EPS estimates three times over the last four quarters [2] - Revenues for the quarter reached $10.75 billion, surpassing the Zacks Consensus Estimate by 18.08%, compared to $8.29 billion in the same quarter last year [3] Market Comparison - Enbridge shares have increased by approximately 6.7% since the beginning of the year, while the S&P 500 has gained 7.8% [4] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.40 on revenues of $10.56 billion, and for the current fiscal year, it is $2.15 on revenues of $39.24 billion [8] - The Zacks Industry Rank for Oil and Gas - Production and Pipelines is in the top 31% of over 250 Zacks industries, indicating a favorable outlook for the sector [9] Peer Comparison - Williams Companies, Inc. is expected to report quarterly earnings of $0.49 per share, reflecting a year-over-year change of +14%, with revenues anticipated to be $3.06 billion, up 30.9% from the previous year [10][11]