Enbridge (ENB) Outperforms Broader Market: What You Need to Know

Company Performance - Enbridge closed at $43.93, reflecting a +0.48% change from the previous day, outperforming the S&P 500's gain of 0.39% [1] - Over the last month, Enbridge's shares increased by 0.18%, lagging behind the Oils-Energy sector's gain of 1.79% and the S&P 500's gain of 1.7% [1] Upcoming Earnings - Enbridge is set to release its earnings on February 14, 2025, with projected EPS of$ 0.52, indicating a 10.64% increase year-over-year [2] - Revenue for the upcoming quarter is estimated at $4.78 billion, reflecting a 42.87% decline compared to the same quarter last year [2] Analyst Estimates - Changes in analyst estimates for Enbridge are crucial as they reflect short-term business trends and analysts' confidence in the company's performance [3] - The Zacks Consensus EPS estimate has decreased by 1.04% over the last 30 days, and Enbridge currently holds a Zacks Rank of 3 (Hold) [5] Valuation Metrics - Enbridge has a Forward P/E ratio of 20.33, which is a premium compared to the industry's average Forward P/E of 15.4 [6] - The company has a PEG ratio of 4.07, significantly higher than the industry average PEG ratio of 2.87 [6] Industry Context - The Oil and Gas - Production and Pipelines industry, part of the Oils-Energy sector, ranks 170 in the Zacks Industry Rank, placing it in the bottom 33% of over 250 industries [7] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1, indicating the competitive landscape within the industry [7]