Home Business Preview Enbridge Q1: what to expect? (NYSE: ENB)

Preview Enbridge Q1: what to expect? (NYSE: ENB)


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Anbridge (NYSE:ENB) is scheduled to announce earnings results for the 1st quarter on Friday, May 6, before the market open.

The consensus estimate of earnings per share is 0.85 Canadian dollars (+ 4.9% yoy), and the consensus estimate of earnings is 8.76 billion Canadian dollars (-27% yoy).

Anbridge (ENB) reported lower than expected Adjusted profit for the 4th quarter; Shareholder revenue rose to C $ 1.84 billion from C $ 1.78 billion in the previous quarter, and distributed cash flow rose to C $ 2.49 billion from C $ 2.21 billion.

Scotiabank downgraded shares according to the results of the sector for the results of the 4th quarter, referring to the limited opportunities for further expansion of estimates and revisions of estimates towards analogues. The analyst also warned that in 2024 the Enbridge pipeline business could only “limit” cash flow growth as the Trans Mountain expansion reduces delivery volumes.

Recent SA participants ’analyzes have been positive about the stocks. Samuel Smith singled out Anbridge diversified energy assetswhile another analysis noted that the company’s dividend yield of the middle stream has potential for growth.

Analogs of the Kinder Morgan industry (KMI) and energy transferET) recently reported better-than-expected results for the first quarter.

A look at Performance price returns from the beginning of the year against peers:

For the last 2 years ENB exceeded EPS estimates 63% of cases and exceeded revenue estimates in 0% of cases.

In the last 3 months, EPS has estimated 2 views up and 4 down.

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