As you might know, Enbridge Inc. (TSE:ENB) just kicked off its latest quarterly results with some very strong numbers. Revenue of CA$19b beat expectations by 79% and statutory earnings per share (EPS) of CA$1.04 exceeded forecasts by 10%. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

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After the latest results, the consensus from Enbridge's ten analysts is for revenues of CA$49.4b in 2025, which would reflect an uneasy 19% decline in revenue compared to the last year of performance. Per-share earnings are expected to increase 9.1% to CA$2.95. In the lead-up to this report, the analysts had been modelling revenues of CA$42.7b and earnings per share (EPS) of CA$2.95 in 2025. It seems sentiment has certainly become more bullish on revenues, even though they haven't changed their view on earnings per share.

View our latest analysis for Enbridge

Even though revenue forecasts increased, there was no change to the consensus price target of CA$66.21, suggesting the analysts are focused on earnings as the driver of value creation. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic Enbridge analyst has a price target of CA$75.00 per share, while the most pessimistic values it at CA$56.00. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Enbridge's past performance and to peers in the same industry. We would highlight that revenue is expected to reverse, with a forecast 24% annualised decline to the end of 2025. That is a notable change from historical growth of 3.6% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 1.9% per year. It's pretty clear that Enbridge's revenues are expected to perform substantially worse than the wider industry.

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The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Fortunately, they also upgraded their revenue estimates, although our data indicates it is expected to perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have forecasts for Enbridge going out to 2027, and you can see them free on our platform here.

However, before you get too enthused, we've discovered 2 warning signs for Enbridge that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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