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Enbridge (ENB) Beats on Q4 Earnings, Revenues Decline Y/Y

An Earnings Beat: Energy infrastructure provider Enbridge IncENB reported earnings per share of 48 cents, higher than the Zacks Consensus Estimate of 45 cents.

Estimate Revision Trend: Investors should note that the Zacks Consensus Estimate for the quarter has been unchanged in the last seven days.

Revenue Declines: Enbrid ge report ed revenues of C$11.6 billion, below the year-earlier sales of C$12.9 billion.

Zacks Rank & Surprise History: Currently, Enbridge carries a Zacks Rank #3 (Hold), which is subject to change following the earnings announcement.

(You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .)

Coming to earnings surprise history, the company has an excellent record: it has beaten estimates in three of the last four quarters.

Enbridge Inc Price and EPS Surprise

Enbridge Inc Price and EPS Surprise | Enbridge Inc Quote

Key Stats:Liquids Pipelines: Adjusted operating income at this segment was C$1,728 million, up from C$1,482 million a year ago.

Gas Transmission and Midstream : The segmen t report ed earnings of C$952 million, down from C$1,020 million in fourth-quarter 2017.

Gas Distribution : This business unit reported profit of C$452 million, up from C$450 million in the December quarter of 2017.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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