Enbridge Stock Outperforms Recently but Trails S&P Over Past Month; Q1 Earnings Expected Down but Revenue Up
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Enbridge (ENB) stock outperformed the S&P 500 in recent trading, but underperformed over the past month.
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Enbridge plans to announce earnings on May 10, 2024, with projected 6.35% EPS decrease but 11.32% revenue growth.
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Full-year 2024 earnings and revenue projected to increase 2.9% and 6.89% respectively.
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Recent positive EPS estimate revisions signal optimism around Enbridge's near-term business trends.
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Enbridge currently has a Zacks Rank of #3 (Hold) and a forward P/E ratio of 16.55, on par with its industry.