Enbridge (ENB) Beats on Q4 Earnings, Revenues Decline Y/Y
An Earnings Beat: Energy infrastructure provider Enbridge Inc ENB 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: Enbridge reported 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 segment reported 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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