Enbridge Stock – Enbridge (ENB) Stock Moves -0.22%: What You Should Know
Enbridge (ENB) closed the most recent trading day at $40.69, moving -0.22% from the previous trading session. This move was narrower than the S&P 500’s daily loss of 0.54%.
Heading into today, shares of the oil and natural gas transportation and power transmission company had gained 4.94% over the past month, lagging the Oils-Energy sector’s gain of 5.44% and outpacing the S&P 500’s gain of 1.91% in that time.
Investors will be hoping for strength from ENB as it approaches its next earnings release. On that day, ENB is projected to report earnings of $0.49 per share, which would represent year-over-year growth of 19.51%.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.18 per share and revenue of $39.81 billion, which would represent changes of +20.44% and +36.08%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for ENB. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.