In the latest trading session, Enbridge (ENB) closed at $40.15, marking a -0.25% move from the previous day. This move lagged the S&P 500's daily gain of 0.35%.Coming into today, shares of the oil and natural gas transportation and power transmission company had gained 1.44% in the past month. In that same time, the Oils-Energy sector lost 2.65%, while the S&P 500 gained 3.64%.Investors will be hoping for strength from ENB as it approaches its next earnings release, which is expected to be July 30, 2021. On that day, ENB is projected to report earnings of $0.47 per share, which would represent year-over-year growth of 14.63%.Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.17 per share and revenue of $38.83 billion. These totals would mark changes of +19.89% and +32.75%, respectively, from last year.Investors might also notice recent changes to analyst estimates for ENB. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.8% lower. ENB is holding a Zacks Rank of #3 (Hold) right now.Looking at its valuation, ENB is holding a Forward P/E ratio of 18.59. For comparison, its industry has an average Forward P/E of 15.38, which means ENB is trading at a premium to the group.It is also worth noting that ENB currently has a PEG ratio of 3.1. 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 3.1 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 76, which puts it in the top 30% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Enbridge Inc (ENB): Free Stock Analysis Report To read this article on Zacks.com click here.