Enbridge (ENB) Stock Declines While Market Improves: Some Information for Investors

Enbridge (ENB) closed the most recent trading day at $44.97, moving -1.08% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.4%. Elsewhere, the Dow gained 0.47%, while the tech-heavy Nasdaq added 0.24%. The oil and natural gas transportation and power transmission company's stock has climbed by 0.84% in the past month, falling short of the Oils-Energy sector's gain of 1.98% and the S&P 500's gain of 4.61%.Market participants will be closely following the financial results of Enbridge in its upcoming release. The company plans to announce its earnings on August 1, 2025. On that day, Enbridge is projected to report earnings of $0.41 per share, which would represent a year-over-year decline of 2.38%. In the meantime, our current consensus estimate forecasts the revenue to be $9.11 billion, indicating a 9.9% growth compared to the corresponding quarter of the prior year. For the full year, the Zacks Consensus Estimates project earnings of $2.14 per share and a revenue of $39.24 billion, demonstrating changes of +7% and +0.68%, respectively, from the preceding year. Investors should also take note of any recent adjustments to analyst estimates for Enbridge. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.82% increase. Enbridge presently features a Zacks Rank of #2 (Buy). Digging into valuation, Enbridge currently has a Forward P/E ratio of 21.24. This denotes a premium relative to the industry average Forward P/E of 17.02. One should further note that ENB currently holds a PEG ratio of 4.25. 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. Oil and Gas - Production and Pipelines stocks are, on average, holding a PEG ratio of 2.05 based on yesterday's closing prices. The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 43, positioning it in the top 18% of all 250+ industries. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions. #1 Semiconductor Stock to Buy (Not NVDA)The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Enbridge Inc (ENB): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks