We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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 Moves -0.24%: What You Should Know
Read MoreHide Full Article
In the latest trading session, Enbridge (ENB - Free Report) closed at $41.64, marking a -0.24% move from the previous day. This move was narrower than the S&P 500's daily loss of 0.45%. Meanwhile, the Dow lost 0.67%, and the Nasdaq, a tech-heavy index, lost 0.05%.
Coming into today, shares of the oil and natural gas transportation and power transmission company had lost 2.79% in the past month. In that same time, the Oils-Energy sector lost 18.41%, while the S&P 500 lost 1.89%.
Wall Street will be looking for positivity from Enbridge as it approaches its next earnings report date. This is expected to be July 29, 2022. In that report, analysts expect Enbridge to post earnings of $0.57 per share. This would mark year-over-year growth of 3.64%.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.38 per share and revenue of $69.1 billion. These totals would mark changes of +8.68% and +85.42%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Enbridge. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.08% lower. Enbridge is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Enbridge is holding a Forward P/E ratio of 17.57. This valuation marks a premium compared to its industry's average Forward P/E of 13.52.
Meanwhile, ENB's PEG ratio is currently 2.93. 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. ENB's industry had an average PEG ratio of 3.95 as of yesterday's close.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 29, putting it in the top 12% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Enbridge (ENB) Stock Moves -0.24%: What You Should Know
In the latest trading session, Enbridge (ENB - Free Report) closed at $41.64, marking a -0.24% move from the previous day. This move was narrower than the S&P 500's daily loss of 0.45%. Meanwhile, the Dow lost 0.67%, and the Nasdaq, a tech-heavy index, lost 0.05%.
Coming into today, shares of the oil and natural gas transportation and power transmission company had lost 2.79% in the past month. In that same time, the Oils-Energy sector lost 18.41%, while the S&P 500 lost 1.89%.
Wall Street will be looking for positivity from Enbridge as it approaches its next earnings report date. This is expected to be July 29, 2022. In that report, analysts expect Enbridge to post earnings of $0.57 per share. This would mark year-over-year growth of 3.64%.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.38 per share and revenue of $69.1 billion. These totals would mark changes of +8.68% and +85.42%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Enbridge. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.08% lower. Enbridge is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Enbridge is holding a Forward P/E ratio of 17.57. This valuation marks a premium compared to its industry's average Forward P/E of 13.52.
Meanwhile, ENB's PEG ratio is currently 2.93. 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. ENB's industry had an average PEG ratio of 3.95 as of yesterday's close.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 29, putting it in the top 12% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.