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Enbridge (ENB) Stock Moves -0.32%: What You Should Know
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Enbridge (ENB - Free Report) closed at $36.82 in the latest trading session, marking a -0.32% move from the prior day. This change was narrower than the S&P 500's 0.75% loss on the day. Elsewhere, the Dow lost 0.61%, while the tech-heavy Nasdaq lost 0.57%.
Coming into today, shares of the oil and natural gas transportation and power transmission company had gained 0.9% in the past month. In that same time, the Oils-Energy sector lost 1.23%, while the S&P 500 gained 4%.
Wall Street will be looking for positivity from ENB as it approaches its next earnings report date. This is expected to be May 10, 2019. The company is expected to report EPS of $0.51, down 37.8% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.71 per share and revenue of $36.12 billion. These totals would mark changes of -16.59% and -6.14%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for ENB. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.87% lower. ENB currently has a Zacks Rank of #3 (Hold).
Investors should also note ENB's current valuation metrics, including its Forward P/E ratio of 21.65. This valuation marks a premium compared to its industry's average Forward P/E of 18.66.
Investors should also note that ENB has a PEG ratio of 2.5 right now. 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. Oil and Gas - Production and Pipelines stocks are, on average, holding a PEG ratio of 2.7 based on yesterday's closing prices.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 198, which puts it in the bottom 23% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Enbridge (ENB) Stock Moves -0.32%: What You Should Know
Enbridge (ENB - Free Report) closed at $36.82 in the latest trading session, marking a -0.32% move from the prior day. This change was narrower than the S&P 500's 0.75% loss on the day. Elsewhere, the Dow lost 0.61%, while the tech-heavy Nasdaq lost 0.57%.
Coming into today, shares of the oil and natural gas transportation and power transmission company had gained 0.9% in the past month. In that same time, the Oils-Energy sector lost 1.23%, while the S&P 500 gained 4%.
Wall Street will be looking for positivity from ENB as it approaches its next earnings report date. This is expected to be May 10, 2019. The company is expected to report EPS of $0.51, down 37.8% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.71 per share and revenue of $36.12 billion. These totals would mark changes of -16.59% and -6.14%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for ENB. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.87% lower. ENB currently has a Zacks Rank of #3 (Hold).
Investors should also note ENB's current valuation metrics, including its Forward P/E ratio of 21.65. This valuation marks a premium compared to its industry's average Forward P/E of 18.66.
Investors should also note that ENB has a PEG ratio of 2.5 right now. 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. Oil and Gas - Production and Pipelines stocks are, on average, holding a PEG ratio of 2.7 based on yesterday's closing prices.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 198, which puts it in the bottom 23% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.