Enbridge Inc reports results for the quarter ended March 31 - Earnings Summary

• Enbridge Inc ENB.TO reported quarterly adjusted earnings of C$1.03​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 92 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 96 cents per share. Wall Street expected results to range from 87 cents to C$1.01 per share.

• Revenue rose 67.6% to C$18.50 billion from a year ago; analysts expected C$14.23 billion.

• Enbridge Inc's reported EPS for the quarter was C$1.04​.

• The company reported quarterly net income of C$2.26 billion.

• Enbridge Inc shares had risen by 0.2% this quarter and gained 4.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 4.5% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 11 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the oil & gas transportation services peer group is also "buy"

• Wall Street's median 12-month price target for Enbridge Inc is C$65.00

This summary was machine generated from LSEG data May 9 at 01:31 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)