Enbridge (NYSE: ENB) is expected to report Q2 earnings around Aug. 2. Here's what Wall Street wants to see.
The 10-second takeaway
Comparing the upcoming quarter with the prior-year quarter, average analyst estimates predict Enbridge's revenues will improve 2.8% and EPS will expand 5.6%.
The average estimate for revenue is $5.31 billion. On the bottom line, the average EPS estimate is $0.38.
Revenue details
Last quarter, Enbridge reported revenue of $6.64 billion. GAAP reported sales were 1.2% lower than the prior-year quarter's $6.72 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, non-GAAP EPS came in at $0.50. GAAP EPS of $0.34 for Q1 were 31% lower than the prior-year quarter's $0.49 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 21.2%, 50 basis points worse than the prior-year quarter. Operating margin was 7.3%, 240 basis points worse than the prior-year quarter. Net margin was 4.2%, 140 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $22.89 billion. The average EPS estimate is $1.65.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 372 members out of 383 rating the stock outperform, and 11 members rating it underperform. Among 85 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 81 give Enbridge a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Enbridge is outperform, with an average price target of $38.89.
Is Enbridge the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Getinstant access to this free report.
- Add Enbridge to My Watchlist.
