Is Most-Watched Stock Enbridge Inc (ENB) Worth Betting on Now?

Core Viewpoint - Enbridge (ENB) is currently a stock of significant interest among investors, with recent performance indicating a potential for future price movements influenced by earnings estimates and revenue growth [1][2]. Earnings Estimates - Enbridge is expected to report earnings of $0.57 per share for the current quarter, reflecting a year-over-year increase of +7.6%. However, the Zacks Consensus Estimate has decreased by -2.1% over the last 30 days [5]. - The consensus earnings estimate for the current fiscal year stands at $2.14, indicating a +7% year-over-year change, with a recent adjustment of -1.3% [5]. - For the next fiscal year, the consensus estimate is $2.26, which represents a +5.7% change from the previous year, but has also seen a decline of -2.2% recently [6]. - Enbridge holds a Zacks Rank of 4 (Sell), suggesting a potential underperformance in the near term due to recent changes in earnings estimates [7]. Revenue Growth Forecast - The consensus sales estimate for the current quarter is $11.59 billion, indicating no year-over-year change. For the current and next fiscal years, the revenue estimates are $43.46 billion and $38.31 billion, reflecting changes of +11.5% and -11.9%, respectively [11]. Last Reported Results and Surprise History - In the last reported quarter, Enbridge generated revenues of $10.63 billion, a decrease of -2.6% year-over-year, and reported an EPS of $0.33, down from $0.40 a year ago. The revenue fell short of the Zacks Consensus Estimate by -2.1%, and the EPS missed by -15.38% [12]. - Over the past four quarters, Enbridge has surpassed consensus EPS estimates three times and has also exceeded consensus revenue estimates three times [13]. Valuation - Enbridge's valuation metrics indicate that it is trading at a premium compared to its peers, receiving a Zacks Value Style Score of D, which suggests it may be overvalued [17].