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Market Overview

Enbridge's Earnings Outlook


Enbridge (NYSE:ENB) releases its next round of earnings this Friday, February 12. Get the latest predictions in Benzinga's essential guide to the company's Q4 earnings report.

Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Enbridge EPS will likely be near $0.55 while revenue will be around $10.14 billion, according to analysts. Enbridge reported a profit of $0.47 per share when it published results during the same quarter last year. Sales in that period totaled $9.51 billion.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

If the company were to report earnings in line when it publishes results Friday, earnings would be up 17.02%. Sales would be up 6.61% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020
EPS Estimate 0.44 0.44 0.55 0.55
EPS Actual 0.36 0.40 0.62 0.47
Revenue Estimate 8.68 B 8.68 B 10.14 B 10.14 B
Revenue Actual 6.84 B 5.74 B 8.96 B 9.51 B

Stock Performance

Over the last 52-week period, shares are down 17.12%. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Enbridge is scheduled to hold the call at 09:00:00 ET and can be accessed here.


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Posted-In: BZI-EPEarnings