ENB Earnings Prediction
The chart below shows how ENB performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ENB sees a -2.15% change in stock price 10 days leading up to the earnings, and a -0.21% change 10 days following the report. On the earnings day itself, the stock moves by +1.31%. This data can give you a slight idea of what to expect for the next quarter's release.
ENB Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
14.93B
49.88%
31.78%
Gross Margin
31.26%
-19.72%
-21.81%
Operating Margin
15.92%
-11.46%
-18.61%
Net Margin
9.70%
54.95%
-45.10%
EPS
0.59
126.92%
-31.40%
No Data Available
ENB Earnings Analysis
Enbridge, Inc Corporation (ENB.N) Earnings Conference Call
Positive
Market Resilience and Growth: Enbridge continues to be positioned to succeed in all market conditions with a low-risk business model and visible growth ahead.
Business Scale and Diversification: The scale and diversification of our business is driving key competitive advantages across complementary business franchises.
Market Resilience and Predictability: Our business is designed to succeed in all market cycles and deliver predictable results.
Long-Term Growth Visibility: Despite a volatile world, Enbridge is seeing increased visibility of our long-term growth, supported by strong energy infrastructure fundamentals, and in particular, rising power demand.
Upcoming Financial Events: We expect to issue a news release for their 2025 financial guidance on December 3rd, 2024, and then on March 4th, 2025, we will be hosting our Annual Investor Day in New York.
Negative
EPS Decline Impact: Earnings per share (EPS) decreased to $1.19, reflecting the impact of pre-funding the U.S. Gas Utilities, indicating a decline in profitability.
Liquid EBITDA Increase: Liquid EBITDA is up year-over-year, primarily due to the first of our annual OpEx inflation and power cost escalators, which increases the mainline toll.
Gas Transmission Performance Improvement: The Gas Transmission business is up compared to last year despite the sale of our interest in a line that is not stable, suggesting operational challenges.
Volume Decline and Inefficiencies: The company experienced a decrease in annual volume levels, with expectations of falling below 3.80 million barrels per day, indicating potential operational inefficiencies.
Solar Segment Challenges: The company is facing challenges in the solar segment, with returns being quite challenging and impacting overall growth projections.
ENB FAQs
How does ENB typically perform around its earnings report dates?
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ENB Earning Call Sentiment
Enbridge Inc. (ENB) Q3 2024 Earnings Call Transcript
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00:00
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ENB.N
-0.8%Positive
The earnings call summary shows strong financial performance with record EBITDA and a raised 2024 EBITDA guidance. The shareholder return plan is robust, with a commitment to dividend growth and a return to an equity self-funded model. Despite some competitive and interest rate pressures, the company maintains a positive outlook with strategic acquisitions and strong growth potential. The Q&A section supports this sentiment, with positive analyst reception and management's optimistic guidance on future growth and returns. These factors, combined with a strong dividend yield, indicate a likely positive stock price movement.