Has ENB been a good buy before earnings?

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By Dmitry Pargamanik

ENB Shares Could Increase Ahead of Earnings

  • 9 out of the last 12 times, ENB stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 3.0% Gains
ENB is scheduled to report earnings on 10-Feb-2023. The last time Enbridge reported earnings on Nov 04, 2022, the stock increased by 3.1% to close at $39.59. At its current price of $40.49, ENB post earnings drift is +2.3%. Typically, traders tended to bid up ENB shares (heading into earnings) prior to its scheduled release.

ENB Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves ENB had for the last 12 quarters around earnings. The 2 week run up into earnings is notable as it shows that the stock increased 75% of the time for an average gain of 3.0%. That was actually a better bullish play than holding ENB through earnings that saw a 1.2% gain.

ENB historical stock price movement before earnings

Go to ENB Historical Price Movements Around Earnings page

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