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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.