A Look at Enbridge's Upcoming Earnings Report

Enbridge ENB is set to give its latest quarterly earnings report on Friday, 2024-11-01. Here's what investors need to know before the announcement.

Analysts estimate that Enbridge will report an earnings per share (EPS) of $0.44.

Enbridge bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Overview of Past Earnings

In the previous earnings release, the company missed EPS by $0.04, leading to a 0.0% drop in the share price the following trading session.

Here's a look at Enbridge's past performance and the resulting price change:

Enbridge Share Price Analysis

Shares of Enbridge were trading at $40.59 as of October 30. Over the last 52-week period, shares are up 20.07%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

To track all earnings releases for Enbridge visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.