Enbridge Inc (NYSE:ENB) is reporting third quarter earnings results on Friday 6th November 2020, before market open.
Previous Quarter Performance
Enbridge Inc disclosed income for the second quarter of $ 0.40 per share, from the revenue of $ 5,739.00 million. The consensus estimates are income of $ 0.44 per share from $ 8680.00 million in revenue. The bottom line results missed street analysts by $ 0.04 or 9.09 percent, at the same time, top line results fell short of analysts by $ 2 million or 33.88 percent.
Stock Performance
Shares of Enbridge Inc traded up $ 0.53 or 1.90 percent on Thursday, reaching $ 28.39 with volume of 4.25 million shares. Enbridge Inc has traded high as $ 28.75 and has cracked $ 28.09 on the downward trend
According to the previous trading day, closing price of $ 28.39, representing a 23.44 % increase from the 52 week low of $ 22.57 and a 35.43 % decrease over the 52 week high of $ 43.15.
The company has a market capital of $ 57.05 billion and is part of the Energy sector and Oil & Gas Midstream industry.
Conference Call
Enbridge Inc will be hosting a conference call at 9:00 AM eastern time on 6th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.enbridge.com
Enbridge Inc. operates as an energy infrastructure company in Canada and the United States. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services.
