Enbridge Stock Holds Steady as Broader Markets Decline, Q4 Earnings Expected Down Slightly
- Enbridge (ENB) stock rose 0.06% while broader markets declined
- ENB expected to report Q4 EPS of $0.59, down 6.35% year-over-year
- Full year 2023 EPS and revenue projected to rise 1.93% and 6.54% respectively
- ENB recently downgraded to Zacks Rank #3 (Hold) from estimates revisions
- ENB currently trades at Forward P/E of 16.94, on par with industry average P/E