Enbridge Q2 2024 Adj. EPS C$0.58 Misses C$0.64 Estimate
Portfolio Pulse from Benzinga Newsdesk
Enbridge (NYSE:ENB) reported Q2 2024 adjusted earnings per share (EPS) of C$0.58, missing the analyst consensus estimate of C$0.64 by 9.38%. This represents a 14.71% decrease from the same period last year.
August 02, 2024 | 11:06 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Enbridge reported Q2 2024 adjusted EPS of C$0.58, missing the analyst consensus estimate of C$0.64 by 9.38%. This is a 14.71% decrease from the same period last year, which may negatively impact investor sentiment and short-term stock price.
The significant miss on EPS compared to analyst estimates and the year-over-year decline in earnings are likely to negatively impact investor sentiment, leading to a potential short-term decline in Enbridge's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100