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Enbridge (ENB) Stock Moves -0.38%: What You Should Know
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In the latest trading session, Enbridge (ENB - Free Report) closed at $37.05, marking a -0.38% move from the previous day. This change was narrower than the S&P 500's daily loss of 2.8%. At the same time, the Dow lost 2.11%, and the tech-heavy Nasdaq lost 0.1%.
Coming into today, shares of the oil and natural gas transportation and power transmission company had lost 9.58% in the past month. In that same time, the Oils-Energy sector gained 1.49%, while the S&P 500 lost 4.08%.
Wall Street will be looking for positivity from Enbridge as it approaches its next earnings report date. In that report, analysts expect Enbridge to post earnings of $0.53 per share. This would mark year-over-year growth of 12.77%.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.30 per share and revenue of $44.69 billion. These totals would mark changes of +5.02% and +19.93%, respectively, from last year.
Any recent changes to analyst estimates for Enbridge should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.35% lower. Enbridge is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Enbridge has a Forward P/E ratio of 16.18 right now. For comparison, its industry has an average Forward P/E of 13.71, which means Enbridge is trading at a premium to the group.
Meanwhile, ENB's PEG ratio is currently 2.7. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. ENB's industry had an average PEG ratio of 3.85 as of yesterday's close.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 47, which puts it in the top 19% 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.
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Enbridge (ENB) Stock Moves -0.38%: What You Should Know
In the latest trading session, Enbridge (ENB - Free Report) closed at $37.05, marking a -0.38% move from the previous day. This change was narrower than the S&P 500's daily loss of 2.8%. At the same time, the Dow lost 2.11%, and the tech-heavy Nasdaq lost 0.1%.
Coming into today, shares of the oil and natural gas transportation and power transmission company had lost 9.58% in the past month. In that same time, the Oils-Energy sector gained 1.49%, while the S&P 500 lost 4.08%.
Wall Street will be looking for positivity from Enbridge as it approaches its next earnings report date. In that report, analysts expect Enbridge to post earnings of $0.53 per share. This would mark year-over-year growth of 12.77%.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.30 per share and revenue of $44.69 billion. These totals would mark changes of +5.02% and +19.93%, respectively, from last year.
Any recent changes to analyst estimates for Enbridge should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.35% lower. Enbridge is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Enbridge has a Forward P/E ratio of 16.18 right now. For comparison, its industry has an average Forward P/E of 13.71, which means Enbridge is trading at a premium to the group.
Meanwhile, ENB's PEG ratio is currently 2.7. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. ENB's industry had an average PEG ratio of 3.85 as of yesterday's close.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 47, which puts it in the top 19% 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.