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Enbridge (ENB) Beats on Q4 Earnings, Revenues Decline Y/Y
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An Earnings Beat: Energy infrastructure provider Enbridge Inc (ENB - Free Report) reported earnings per share of 48 cents, higher than the Zacks Consensus Estimate of 45 cents.
Estimate Revision Trend: Investors should note that the Zacks Consensus Estimate for the quarter has been unchanged in the last seven days.
Revenue Declines: Enbridge reported revenues of C$11.6 billion, below the year-earlier sales of C$12.9 billion.
Zacks Rank & Surprise History: Currently, Enbridge carries a Zacks Rank #3 (Hold), which is subject to change following the earnings announcement.
Key Stats: Liquids Pipelines: Adjusted operating income at this segment was C$1,728 million, up from C$1,482 million a year ago.
Gas Transmission and Midstream: The segment reported earnings of C$952 million, down from C$1,020 million in fourth-quarter 2017.
Gas Distribution: This business unit reported profit of C$452 million, up from C$450 million in the December quarter of 2017.
Zacks' Top 10 Stocks for 2019
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Enbridge (ENB) Beats on Q4 Earnings, Revenues Decline Y/Y
An Earnings Beat: Energy infrastructure provider Enbridge Inc (ENB - Free Report) reported earnings per share of 48 cents, higher than the Zacks Consensus Estimate of 45 cents.
Estimate Revision Trend: Investors should note that the Zacks Consensus Estimate for the quarter has been unchanged in the last seven days.
Revenue Declines: Enbridge reported revenues of C$11.6 billion, below the year-earlier sales of C$12.9 billion.
Zacks Rank & Surprise History: Currently, Enbridge carries a Zacks Rank #3 (Hold), which is subject to change following the earnings announcement.
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
Coming to earnings surprise history, the company has an excellent record: it has beaten estimates in three of the last four quarters.
Enbridge Inc Price and EPS Surprise
Enbridge Inc Price and EPS Surprise | Enbridge Inc Quote
Key Stats: Liquids Pipelines: Adjusted operating income at this segment was C$1,728 million, up from C$1,482 million a year ago.
Gas Transmission and Midstream: The segment reported earnings of C$952 million, down from C$1,020 million in fourth-quarter 2017.
Gas Distribution: This business unit reported profit of C$452 million, up from C$450 million in the December quarter of 2017.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, wouldn't you like to know about our 10 finest buy-and-holds for the year?
From more than 4,000 companies covered by the Zacks Rank, these 10 were picked by a process that consistently beats the market. Even during 2018 while the market dropped -5.2%, our Top 10s were up well into double-digits. And during bullish 2012 – 2017, they soared far above the market's +126.3%, reaching +181.9%.
This year, the portfolio features a player that thrives on volatility, an AI comer, and a dynamic tech company that helps doctors deliver better patient outcomes at lower costs.
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