Enbridge (ENB) Stock Slides as Market Rises: Facts to Know Before You Trade

Company Performance - Enbridge (ENB) closed at $45.82, reflecting a -1.5% change from the previous day, underperforming the S&P 500 which gained 0.09% [1] - The stock has increased by 0.91% over the past month, lagging behind the Oils-Energy sector's gain of 5.47% and the S&P 500's gain of 7.21% [1] Earnings Forecast - Enbridge is expected to report an EPS of $0.42, indicating no change from the same quarter last year, with revenue forecasted at $8.97 billion, representing an 8.3% increase year-over-year [2] - For the full year, earnings are projected at $2.12 per share and revenue at $37.6 billion, showing changes of +6% and -3.54% respectively from the previous year [3] Analyst Estimates and Valuation - Recent analyst estimate revisions suggest a positive outlook for Enbridge, with a downward shift of 0.76% in the Zacks Consensus EPS estimate over the past month [5] - Enbridge currently holds a Zacks Rank of 3 (Hold) and has a Forward P/E ratio of 21.91, which is higher than the industry average of 17.03 [5] - The company has a PEG ratio of 4.38, compared to the industry average PEG ratio of 2.57 [6] Industry Context - The Oil and Gas - Production and Pipelines industry, part of the Oils-Energy sector, ranks 148 in the Zacks Industry Rank, placing it in the bottom 40% of over 250 industries [7] - Research indicates that industries in the top 50% of the Zacks Rank outperform those in the bottom half by a factor of 2 to 1 [7]