Enbridge has become one of the most searched-for stocks on Zacks.com, with shares down 3.7% over the past month against a 1.3% gain for the Zacks S&P 500 composite. The company is expected to post earnings of $0.38 per share for the current quarter, a year-over-year change of +15.2%, while the Zacks Consensus Estimate has moved +0.5% over the last 30 days. For the current fiscal year, the consensus earnings estimate of $2.12 implies a year-over-year change of -1.9%, and for the next fiscal year the $2.33 consensus marks a +10.2% change. Consensus sales estimates stand at $10.6 billion for the current quarter, $58.01 billion for the current fiscal year and $52.17 billion for the next. In its last reported quarter, Enbridge posted revenues of $21.18 billion, up 97% year over year, and EPS of $0.46 versus $0.47 a year earlier, beating the Zacks Consensus revenue estimate of $10.85 billion by 95.21% and the EPS estimate by 6.98%. The stock carries a Zacks Rank #3 (Hold) and a Zacks Value Style Score of C.
Enbridge IncEnbridge is the subject, but the article only reports its Zacks Rank #3 (Hold), mixed estimate revisions, and past-quarter earnings beat without a clear directional driver.
