In the latest trading session, Enbridge (ENB) closed at $36.78, marking a -0.68% move from the previous day. This move lagged the S&P 500's daily gain of 1.09%. At the same time, the Dow added 0.84%, and the tech-heavy Nasdaq gained 1.42%.

Prior to today's trading, shares of the oil and natural gas transportation and power transmission company had gained 0.87% over the past month. This has lagged the Oils-Energy sector's gain of 1.86% and the S&P 500's gain of 1.18% in that time.

ENB will be looking to display strength as it nears its next earnings release. On that day, ENB is projected to report earnings of $0.44 per share, which would represent a year-over-year decline of 46.34%.

ENB's full-year Zacks Consensus Estimates are calling for earnings of $1.73 per share and revenue of $35.96 billion. These results would represent year-over-year changes of -15.61% and -6.57%, respectively.

Any recent changes to analyst estimates for ENB should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.48% higher within the past month. ENB currently has a Zacks Rank of #3 (Hold).

In terms of valuation, ENB is currently trading at a Forward P/E ratio of 21.41. For comparison, its industry has an average Forward P/E of 18.76, which means ENB is trading at a premium to the group.

Meanwhile, ENB's PEG ratio is currently 2.38. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Oil and Gas - Production and Pipelines stocks are, on average, holding a PEG ratio of 2.7 based on yesterday's closing prices.

The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 186, which puts it in the bottom 28% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

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