Published on 9 May 2024 on Zacks via Yahoo Finance
Why Earnings Season Could Be Great for Enbridge (ENB)
Investors are always looking for stocks that are poised to beat at earnings season and Enbridge Inc. ENB may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Enbridge is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for ENB in this report.In fact, the Most Accurate Estimate for the current quarter is currently at 60 cents per share for ENB, compared to a broader Zacks Consensus Estimate of 59 cents per share. This suggests that analysts have very recently bumped up their estimates for ENB, giving the stock a Zacks Earnings ESP of +0.85% heading into earnings season.
Enbridge Inc Price and EPS Surprise
Enbridge Inc price-eps-surprise | Enbridge Inc Quote