Scotiabank trims earnings estimate for Enbridge stock to CAD 2.93

Published on 10/27/2026 at 11:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Scotiabank kept Strong Buy after lowering its fiscal-year 2026 estimate on October 22, 2026. Enbridge stock trades at EUR 43.15 on October 27, 2026 with a USD 107.6 billion market value.

Estimate and reporting date

Scotiabank cut its fiscal-year 2026 earnings estimate to CAD 2.93 on October 22, 2026.
Enbridge reported CAD 29.3 billion in second-quarter revenue on July 31, 2026.
Enbridge stock trades at EUR 43.15 at 11:44 a.m. CET at Lang & Schwarz on October 27, 2026.
Enbridge will publish third-quarter results before markets open on November 6, 2026.

ENB, CA29250N1050, Illustration mit AI erstellt.

Enbridge (ISIN CA29250N1050) was trading at EUR 43.15 at Lang & Schwarz on October 27, 2026 at 11:44 a.m. CET. MarketBeat reported that Scotiabank lowered its fiscal-year 2026 earnings estimate from CAD 2.94 to CAD 2.93 in a report dated October 22, 2026, while keeping a Strong Buy rating.

Scotiabank trims its estimate

The adjustment is small, but it gives investors a precise measure of the analyst view ahead of Enbridge's next results. Scotiabank's fiscal-year 2027 earnings estimate stands at CAD 3.18, while the consensus estimate for fiscal-year 2026 is CAD 3.51, according to MarketBeat. The comparison places Scotiabank's estimate CAD 0.58 below the cited consensus figure.

What does the estimate mean?

Enbridge's operating scale remains the central counterweight. The company's second-quarter 2026 revenue reached CAD 29.32 billion, while consolidated net income was CAD 1.57 billion and diluted earnings per share were CAD 0.64, based on the company's investor materials dated July 31, 2026 and Enbridge. Its secured backlog was CAD 41 billion in the same update, according to the company.

Three dates frame the setup

On July 28, 2026, Enbridge declared a quarterly dividend of CAD 0.97 per common share, according to Enbridge. On July 31, 2026, it reported CAD 29.32 billion in second-quarter revenue. On October 22, 2026, Scotiabank cut its fiscal-year 2026 estimate to CAD 2.93.

Next reporting date

Enbridge will announce third-quarter 2026 results before markets open on November 6, 2026, with a webcast scheduled for 9:00 a.m. ET. That date is the next defined test for the estimates and the company's operating performance.

Market value and business profile

Enbridge's market capitalization was USD 107.6 billion as of October 26, 2026, with a 52-week range of USD 45.03 to USD 58.45. The company operates in energy infrastructure through liquids pipelines, gas transmission, gas distribution and storage, and renewable power generation.

The stock was trading at EUR 43.15 at Lang & Schwarz on October 27, 2026 at 11:44 a.m. CET. The further course of trading is shown by the continuously updated real-time quote of Enbridge stock.