Enbridge (ENB) Rises as Market Declines: Key Insights

Enbridge (ENB - Free Report) closed the most recent trading session at $44.46, reflecting a minor increase of +0.23% compared to the previous day's closing price. Notably, this positive performance stood in stark contrast to the broader market, which experienced declines. For instance, the S&P 500 fell by 1.97%, the Dow dropped by 1.69%, and the tech-focused Nasdaq saw a decline of 2.7%.

Over the last month, Enbridge shares have shown significant growth, increasing by 6.3%. This performance outstrips the Oils-Energy sector, which gained only 3.54%, and the S&P 500, which recorded a loss of 2.79% during the same period.

Investors are currently focusing on the upcoming earnings report for Enbridge, set to be released on May 9, 2025. Expectations are that the company will announce an earnings per share (EPS) of $0.64, indicating a decrease of 5.88% compared to the same quarter from last year. The Zacks Consensus Estimate suggests that revenue could reach $9.08 billion, reflecting a year-over-year increase of 10.9%.

Looking at the overall fiscal year, the Zacks Consensus Estimates predict a total earnings figure of $2.13 per share, with an expected revenue of $33.14 billion. This represents a 6.5% increase in earnings but a significant decline of 14.96% in revenue from the previous year.

It is crucial for investors to stay informed about any recent changes to analyst estimates for Enbridge. These adjustments typically signal evolving business trends, and positive revisions often indicate analyst confidence in the company's profitability and operational outlook.

In our assessment, modifications in these estimates are closely tied to the short-term movements of the stock. To help traders and investors navigate this, the Zacks Rank system has been developed. This exclusive model evaluates these estimated changes, providing an actionable rating for stocks.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell) and has a strong track record, with #1 rated stocks achieving an average annual return of +25% since 1988. In the past month, the Zacks Consensus EPS estimate for Enbridge has seen a 0.29% increase, and the company currently holds a Zacks Rank of #3 (Hold).

When considering valuation, Enbridge is trading at a Forward P/E ratio of 20.79, which is higher than the industry average Forward P/E of 17.02.

Moreover, it is notable that Enbridge has a PEG ratio of 4.16, which, similar to the P/E ratio, considers the company's anticipated earnings growth. This contrasts with the average PEG ratio of 2.89 for the Oil and Gas - Production and Pipelines industry.

The Oil and Gas - Production and Pipelines sector belongs to the broader Oils-Energy category, which currently holds a Zacks Industry Rank of 42, placing it in the top 17% of all industries tracked.

The strengths of specific industries are gauged using the Zacks Industry Rank, which relies on the average Zacks Rank of all the stocks within those sectors. Historical data indicates that the top half of rated industries outperform the lower half by a ratio of 2 to 1.

For further details on these metrics and more, investors can find comprehensive information through various resources available online.

Enbridge, Market, Earnings