Enbridge Q3 Adj. EPS $0.46 Beats $0.44 Estimate, Sales $7.34B Miss $8.25B Estimate
Portfolio Pulse from Benzinga Newsdesk
Enbridge (NYSE:ENB) reported Q3 earnings of $0.46 per share, beating the analyst consensus estimate of $0.44 by 5 percent. However, this is a 9.41 percent decrease from last year. The company's quarterly sales of $7.34 billion missed the analyst consensus estimate of $8.25 billion by 11.05 percent, marking a 17.29 percent decrease from the same period last year.
November 03, 2023 | 11:24 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Enbridge's Q3 earnings beat estimates but are down from last year. Sales missed estimates and are also down from last year.
Enbridge's earnings beat estimates, which is positive. However, the decrease in earnings and sales compared to last year, as well as the missed sales estimate, are negative indicators that could potentially lead to a decrease in the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100