We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Enbridge (ENB) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
The latest trading session saw Enbridge (ENB - Free Report) ending at $40.39, denoting a -0.32% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 1.7%. At the same time, the Dow added 1.26%, and the tech-heavy Nasdaq gained 2.51%.
The the stock of oil and natural gas transportation and power transmission company has risen by 3.9% in the past month, leading the Oils-Energy sector's loss of 2.52% and the S&P 500's gain of 1.27%.
The investment community will be closely monitoring the performance of Enbridge in its forthcoming earnings report. The company is forecasted to report an EPS of $0.45, showcasing a 2.17% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $4.62 billion, showing a 37.02% drop compared to the year-ago quarter.
ENB's full-year Zacks Consensus Estimates are calling for earnings of $2.06 per share and revenue of $25.91 billion. These results would represent year-over-year changes of -0.48% and -20.03%, respectively.
Investors should also note any recent changes to analyst estimates for Enbridge. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Enbridge currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Enbridge currently has a Forward P/E ratio of 19.67. For comparison, its industry has an average Forward P/E of 18.04, which means Enbridge is trading at a premium to the group.
One should further note that ENB currently holds a PEG ratio of 3.93. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Production and Pipelines was holding an average PEG ratio of 3.01 at yesterday's closing price.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 188, putting it in the bottom 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ENB in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Enbridge (ENB) Stock Sinks As Market Gains: What You Should Know
The latest trading session saw Enbridge (ENB - Free Report) ending at $40.39, denoting a -0.32% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 1.7%. At the same time, the Dow added 1.26%, and the tech-heavy Nasdaq gained 2.51%.
The the stock of oil and natural gas transportation and power transmission company has risen by 3.9% in the past month, leading the Oils-Energy sector's loss of 2.52% and the S&P 500's gain of 1.27%.
The investment community will be closely monitoring the performance of Enbridge in its forthcoming earnings report. The company is forecasted to report an EPS of $0.45, showcasing a 2.17% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $4.62 billion, showing a 37.02% drop compared to the year-ago quarter.
ENB's full-year Zacks Consensus Estimates are calling for earnings of $2.06 per share and revenue of $25.91 billion. These results would represent year-over-year changes of -0.48% and -20.03%, respectively.
Investors should also note any recent changes to analyst estimates for Enbridge. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Enbridge currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Enbridge currently has a Forward P/E ratio of 19.67. For comparison, its industry has an average Forward P/E of 18.04, which means Enbridge is trading at a premium to the group.
One should further note that ENB currently holds a PEG ratio of 3.93. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Production and Pipelines was holding an average PEG ratio of 3.01 at yesterday's closing price.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 188, putting it in the bottom 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ENB in the coming trading sessions, be sure to utilize Zacks.com.