Enbridge Earnings: Your Sneak Peek to the Big Announcement

Enbridge (NYSE:ENB) will report earnings before markets open on Wednesday, May 8th. Enbridge Inc. provides energy transportation, distribution, and related services in North America and internationally. The Company operates a crude oil and liquids pipeline system, is involved in international energy projects, and is involved in natural gas transmission and midstream businesses. Enbridge also distributes natural gas and electricity, and provides retail energy products.

Here is your Cheat Sheet to Enbridge Earnings:

Earnings Expectations: Analysts expect earnings of $0.54 per share on revenues of $6.25 billion. Currently, the company’s P/E ratio stands at 58.81.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.44 to a profit $0.43. For the current year, the average estimate is a profit of $1.81, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Enbridge has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 13,310 11,820 21,520 26,510 25,440
Diluted EPS ($) 1.501 2.015 1.260 1.059 0.7842

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 7,164 6,651 5,533 5,902 7,211
Diluted EPS ($) 0.2040 0.3412 0.0097 0.2447 0.1842

Past Performance:
Enbridge has missed analyst estimates 3 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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