Company Performance - Enbridge's stock increased by 1.37% to $47.47, outperforming the S&P 500's gain of 0.46% on the same day [1] - Over the past month, Enbridge's shares have decreased by 1.04%, underperforming the Oils-Energy sector's gain of 0.15% and the S&P 500's gain of 4.22% [1] Upcoming Earnings Report - Enbridge is expected to report an EPS of $0.57, reflecting a 7.55% increase from the same quarter last year [2] - The consensus estimate for revenue is projected at $11.71 billion, indicating a 1.02% rise from the equivalent quarter last year [2] Full Year Estimates - Analysts project earnings of $2.09 per share and revenue of $43.77 billion for the full year, representing increases of 4.5% and 12.31% respectively from the previous year [3] Analyst Estimates and Stock Performance - Changes in analyst estimates are crucial as they reflect short-term business trends, with positive revisions indicating optimism about the company's profitability [4] - The Zacks Rank system, which incorporates estimate changes, provides actionable ratings for stocks [5] Zacks Rank and Valuation - Enbridge currently holds a Zacks Rank of 4 (Sell), with a recent 2.45% decrease in the consensus EPS estimate over the last 30 days [6] - The company's Forward P/E ratio is 22.43, which is a premium compared to the industry average Forward P/E of 16.09 [6] Industry Overview - The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector, holding a Zacks Industry Rank of 82, placing it in the top 34% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]
Enbridge (ENB) Exceeds Market Returns: Some Facts to Consider