Enbridge (ENB) Stock Sinks As Market Gains: Here's Why

Enbridge (ENB) closed down 1.09% while the broader market gained, underperforming the S&P 500. The company is forecasted to report EPS of $0.38 (up 15.15% YoY) but revenue is expected to decline 0.3% QoQ. With a Zacks Rank of #3 (Hold) and trading at a premium valuation (Forward P/E of 23.02 vs. industry average of 19.24), the stock presents a mixed outlook.