Enbridge Inc reports results for the quarter ended June 30 - Earnings Summary

• Enbridge Inc ENB reported quarterly adjusted earnings of 65 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 58 cents. The mean expectation of nine analysts for the quarter was for earnings of 57 cents per share. Wall Street expected results to range from 54 cents to 61 cents per share.

• Revenue rose 31.2% to C$14.88 billion from a year ago; analysts expected C$11.23 billion.

• Enbridge Inc's reported EPS for the quarter was C$1.00​.

• The company reported quarterly net income of C$2.18 billion.

• Enbridge Inc shares had fallen by 0.1% this quarter and gained 6.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 13.4% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the oil & gas transportation services peer group is "buy."

This summary was machine generated from LSEG data August 1 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)