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Enbridge (ENB) closed the most recent trading day at $44.50, moving +0.54% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.53%. Meanwhile, the Dow experienced a rise of 0.38%, and the technology-dominated Nasdaq saw an increase of 0.25%.
Shares of the oil and natural gas transportation and power transmission company have appreciated by 4.31% over the course of the past month, underperforming the Oils-Energy sector's gain of 5.88% and outperforming the S&P 500's gain of 1.24%.
The investment community will be closely monitoring the performance of Enbridge in its forthcoming earnings report. The company is scheduled to release its earnings on February 14, 2025. In that report, analysts expect Enbridge to post earnings of $0.52 per share. This would mark year-over-year growth of 10.64%. Meanwhile, our latest consensus estimate is calling for revenue of $4.78 billion, down 42.87% from the prior-year quarter.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Enbridge. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 0.75% lower. Enbridge is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Enbridge is presently being traded at a Forward P/E ratio of 20.53. This indicates a premium in contrast to its industry's Forward P/E of 15.43.
We can additionally observe that ENB currently boasts a PEG ratio of 4.11. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Production and Pipelines industry had an average PEG ratio of 2.84 as trading concluded yesterday.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 172, finds itself in the bottom 32% echelons of all 250+ industries.