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Enbridge (ENB) Beats on Q1 Earnings Estimates

Zacks Equity Research

An Earnings Beat: Energy infrastructure provider Enbridge Inc ENB reported earnings per share of 70 cents, higher than the Zacks Consensus Estimate of 52 cents.  

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

Enbridge Inc Price and EPS Surprise

Enbridge Inc Price and EPS Surprise

Enbridge Inc price-eps-surprise | Enbridge Inc Quote

Revenue Increases: Enbridge reported revenues of C$12.9 billion, marginally higher than the year-earlier sales of C$12.7 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.

Key Stats: Liquids Pipelines: Operating income at this segment was C$2,072 million, up from C$1,156 million a year ago.

Gas Transmission and Midstream: The segment reported earnings of C$1,020 million, surged from C$126 million in first-quarter 2018.

Gas Distribution: This business unit reported profit of C$662 million, up from C$636 million in the March quarter of 2018.

Check back later for our full write up on this Enbridge earnings report later!

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