Earnings In Line: Enbridge Inc (NYSE:ENB) reported third-quarter 2019 earnings per share of 42 cents, in line with the Zacks Consensus Estimate.
Estimate Picture: Investors should note that the Zacks Consensus Estimate for the quarter has not seen any revisions in the last seven days.
Revenue Increases: Enbridge reported revenues of $8,785 million, higher than the year-earlier sales of $8,681 million.
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 beat estimates in three of the trailing four quarters.
Key Stats: Liquids Pipelines: Operating income at this segment was C$1,646 million, down from C$1,875million a year ago.
Gas Transmission and Midstream: The segment reported earnings of C$772 million, against a loss of C$60 million in third-quarter 2018.
Gas Distribution: This business unit reported profit of C$252 million, down from C$256 million in the September quarter of 2018.
Check back later for our full write up on this Enbridge earnings report later!
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Enbridge Inc (ENB): Free Stock Analysis Report
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