Enbridge (ENB) Q3 Earnings and Revenues Lag Estimates

Core Insights - Enbridge reported quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.39 per share, and down from $0.40 per share a year ago [1][2] - The company posted revenues of $10.63 billion for the quarter, missing the Zacks Consensus Estimate by 2.1% and down from $10.91 billion year-over-year [3] - Enbridge's stock has increased approximately 10.5% year-to-date, compared to a 14.3% gain for the S&P 500 [4] Earnings Performance - The earnings surprise for the quarter was -15.38%, contrasting with a previous quarter where the company exceeded expectations by +14.63% [2] - Over the last four quarters, Enbridge has surpassed consensus EPS estimates three times [2][3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.57 on revenues of $11.59 billion, and for the current fiscal year, it is $2.16 on revenues of $41.88 billion [8] - The Zacks Rank for Enbridge is currently 3 (Hold), indicating expected performance in line with the market [7] Industry Context - The Oil and Gas - Production and Pipelines industry is currently in the top 24% of Zacks industries, suggesting a favorable outlook compared to the bottom 50% [9]