Enbridge Q3 2024 Adj. EPS C$0.55 Misses C$0.56 Estimate, Sales C$14.882B Up From C$9.844B YoY
Portfolio Pulse from Benzinga Newsdesk
Enbridge reported Q3 2024 earnings of C$0.55 per share, missing the consensus estimate of C$0.56. This represents an 11.29% decrease from the previous year. However, sales increased by 51.18% to C$14.882 billion.
November 01, 2024 | 11:10 am
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NEGATIVE IMPACT
Enbridge's Q3 2024 earnings per share missed estimates, showing a decline from last year, but sales saw a significant increase.
The miss on EPS estimates and the year-over-year decline in EPS are likely to negatively impact investor sentiment in the short term. However, the significant increase in sales may provide some positive outlook, but the immediate reaction is expected to be negative due to the earnings miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100