Further, the company’s upstream unit witnessed an operating loss of C$5 million against a profit of C$492 million in the prior-year quarter, thanks to weak price realizations and mandatory production curtailments. NASDAQ data is at least 15 minutes delayed. To learn more, click here. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Suncor Energy Inc. (SU) latest earnings report: revenue, EPS, surprise, history, news and analysis. Privacy Policy | No cost, no obligation to buy anything ever. The forward dividend is 0.64 at a share yield of 4.73%. If you do not, click Cancel. Visit performance for information about the performance numbers displayed above. How is the Carnival Corporation & Plc (NYSE:CUK) performance outlook for the coming months? Our proven Zacks model predicts an earnings beat for Suncor Energy this time around. National Oilwell Varco, Inc. (NOV - Free Report) has an Earnings ESP of +16.36% and is #3 Ranked at present. A recent pick, Maxar, skyrocketed +178.7% in 3 months. The consensus among analysts is that Suncor Energy Inc. (SU) is a Buy stock at the moment, with a recommendation rating of 2. Figures show that Suncor Energy Inc. shares have underperformed across the wider relevant industry. This includes personalizing content and advertising. Earnings growth for 2020 is a modest -8.1% while over the next 5 years, the company’s earnings are expected to increase by -8.2%. New Residential Investment Corp. (NYSE:NRZ) Has Recovered 60.89% So Far, But... Electrameccanica Vehicles Corp. (NASDAQ:SOLO) Jumps 0.79%, But Additional Rally May Be... Buy, Sell Or Hold Citigroup Inc. (NYSE:C) At $41.84. This is depicted in the graph below: Suncor Energy Inc. Price and EPS Surprise, Suncor Energy Inc. price-eps-surprise | Suncor Energy Inc. Quote. Also the top two Mutual Funds that are holding company’s shares are Dodge & Cox International Stock Fund and Vanguard International Stock Index-Total Intl Stock Indx. Wall Street analysts have a consensus price target for the stock at $22.81, which means that the shares’ value could jump 79.32% from current levels. Our proven Zacks model predicts an earnings beat for Suncor Energy this time around. Suncor Energy (TSX:SU) Reports a Big Loss in Q2—Will Peers Follow? 7 have an estimated revenue figure of $7.03 Billion for the next quarter concluding in June 01, 2018. The report is only available for a limited time. NYSE and AMEX data is at least 20 minutes delayed. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 3.61%. Zacks’ just-released special report reveals 8 stocks to watch. Short interest in the company has seen 9.65 Million shares shorted with days to cover at 1.64. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Highlights of Q1 Earnings & Surprise History. CALGARY -- Two of Canada's biggest oil sands producers are taking different approaches to restoring production that was shut down during the pandemic ... Cenovus and Suncor have taken on billions of dollars of debt but believe the outlook is beginning to improve. An employee stands at a wedge well at Christina Lake, a situ oil production facility half owned by Cenovus Energy Inc. and ConocoPhillips, in Conklin, Alberta, Canada, on Thursday, Aug. 15, 2013. Suncor Energy reported earnings of $0.55 per share in […] The company’s shares have gained +19.89% over the past 6 months, with this year growth rate of -154.25%, compared to -3.1% for the industry. Marketing Sentinel is a free online newspaper packed with exclusive content, news, articles and much more! The company is scheduled to release earnings on Jul 27. Zacks Rank: Suncor Energy currently carries a Zacks Rank #3, which increases the predictive power of ESP. The problem has contributed to an exodus of IOCs from Alberta's oil sands, a growing financial ... Suncor slumps to loss but on track to achieve cost reduction targets (NYSE:SU) | Seeking AlphaSeeking AlphaSeeking AlphaSeeking Alpha. If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +0.2% over the past 5 years. Biggest Tech Breakthrough in a Generation. As of June 29, 2020, the former fund manager holds about 3.14% shares in the company for having 47885854 shares of worth $807.36 Million while later fund manager owns 26.95 Million shares of worth $480.99 Million as of April 29, 2020, which makes it owner of about 1.77% of company’s outstanding stock. Some other firms worth considering from the energy space on the basis of our model that shows that these too have the right combination of elements to beat on earnings this season are as follows: Murphy USA Inc. (MUSA - Free Report) has an Earnings ESP of +16.97% and a Zacks Rank of 3, currently. Why should you add IT Tech Packaging, Inc. (ITP) to your portfolio? Year-ago sales stood $6.17 Billion and $5.72 Billion respectively for this quarter and the next, and analysts expect sales will grow by 22.1% for the current quarter and 23% for the next. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. The Canadian oil industry simply cannot shake the 'dirty oil' tag. The information agency "Marketing Sentinel" was established at the end of 2004. The average negative surprise is 3.04%. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. If we look at the company’s 10-day average daily trading volume, we find that it stood at 10.47 Million shares traded. Growth estimates for the current quarter are 28.2% and 300% for the next quarter. You can see the complete list of today’s Zacks #1 Rank stocks here. Let’s delve into the factors that might have impacted the company’s performance in the June quarter. Why Buy stock in Acasti Pharma Inc. (ACST)? Since 1988 it has more than doubled the S&P 500 with an average gain of +24.53% per year. Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of beating estimates. Early investors could see gains similar to buying Microsoft in the 1990s. See its 7 best stocks FREE. The forward dividend is 0.64 at a share yield of 4.73%. Current technology will soon be outdated and replaced by these new devices. Experts have chosen 7 stocks out of 220 Zacks Rank #1 Strong Buys that have the highest potential to increase in price quickly amid the global health crisis. For over three decades, our Strong Buy list has averaged returns more than twice the market. Suncor has a market cap of $19.43 Billion and is expected to release its quarterly earnings report in Aug. With its Forward Dividend at 0.64 and a yield of 5.15%, the company’s investors could be anxious for the SU stock to gain ahead of the earnings release. The loss compares with net earnings of $2.73 billion in the same period of 2019, but beat analyst expectations of a loss of $1.28 billion. The SU stock price is -171.7% off its 52-week high price of $34.56 and 24.45% above the 52-week low of $9.61. IA "Marketing Sentinel" seeks to provide the news and analytical information to both American and foreign audiences, events and events in the USA and all over the world reliably, objectively and promptly. Suncor CEO Mark Little says he won't "bet the financial health'' of the company on the nascent recovery, listing a host of risks including the possibility of a ... CALGARY — Suncor Energy Inc. is reporting a second-quarter net loss of $614 million after it cut back on production to deal with sharply reduced crude prices ... Cenovus Energy Inc. (NYSE:CVE) Q2 2020 Earnings Conference Call July 23, 2020 11:00 AM ET Company Participants Sherry Wendt – Director-Investor ... CALGARY - The CEO of Suncor Energy Inc. says the company won't quickly ramp up oil production despite recent higher crude prices as the North American ... Suncor Energy (TSX:SU)()NYSE:SU) posted a big loss in Q2 driven by the pandemic. Did you earn +24.53% a year like the Zacks Rank? Weak fundamental momentum pushes Energy Transfer LP (ET) lower, Small Cap Stock DHT Holdings, Inc. (DHT) is a Overweight – Analysts, Investor confidence shakens after Invesco Ltd. (NYSE:IVZ) share prices loss -$0.25. Equities research analysts forecast that Suncor Energy Inc. (NYSE:SU) (TSE:SU) will post ($0.10) earnings per share for the current fiscal quarter, according to Zacks Investment Research. The oilsands company says its loss amounted to 19 cents per share for the period ended June 30, compared with a profit of $1.45 per share or $1.78 billion a ... (Reuters) - Canadian oil and gas producer Cenovus Energy Inc posted a second-quarter loss on Thursday and said the worst was behind the industry after the ... Oil producers were hit hard by the COVID-19 lockdown. In the last reported quarter, Suncor Energy’s operating loss per share of 15 cents was narrower than the Zacks Consensus Estimate of a loss of 19 cents, attributable to higher contribution from Fort Hills operation. Cenovus Energy Inc. is Canada's fourth-largest oil producer. Operating Earnings. Zacks Ranks stocks can, and often do, change throughout the month. Investors are also buoyed by the number of investors in a company, with Suncor Energy Inc. having a total of 876 institutions that hold shares in the company. See the latest updates, context, and perspectives about this story. Earnings ESP: Suncor Energy has an Earnings ESP of +19.66%. Investor confidence shakens after Uber Technologies, Inc. (NYSE:UBER) share prices loss -$0.97. Its founder and leader is Lewis Roberts. Zacks Equity Research Suncor Energy Inc. is expected to release its next earnings report in Aug, and investors are excited at the prospect of better dividends despite the company’s debt issue. Will the stock change the course now and trade lower? ‘Unprecedented volatility’: Suncor books $614 million loss as COVID pain persists, Canada's Cenovus boosts production amid improving oil sands crude pricing, Western Canadian oil companies to restore all output cuts by year-end, says Suncor CEO, Suncor Energy's (SU) CEO Mark Little on Q2 2020 Results - Earnings Call Transcript, Cenovus, Suncor choose different paths on restoring oil output as prices recover, Suncor Energy reports second quarter 2020 results NYSE:SU, Oil-Sands Producers Burned by Crude Crash Are Staying on Defense, Canadian oil sands compound their image problem, Suncor slumps to loss but on track to achieve cost reduction targets, Suncor Energy (SU) Q2 2020 Earnings Call Transcript, Cenovus Takes Advantage of Cheap Credits to Boost Oil Output, Canada's Cenovus Energy posts quarterly loss on oil price plunge, Cenovus Energy sees light at the end of the COVID-19 tunnel. Following the Petro-Canada acquisition, Suncor Energy became one of the largest owners of oil sands in the world. Further, the company’s newly-gained oil sands properties, which enrich its operating portfolio in northern Alberta, make it emerge as the leading producer in the region where its reserves come a close second to Saudi Arabia. The firm’s total holdings are worth over $1.2 Billion and represent 4.65% of shares outstanding. Revenue growth from the last financial year stood is estimated to be +16.3%. Why should you add PayPal Holdings, Inc. (PYPL) to your portfolio? None have rated the stock as Underweight. Moreover, the company recorded soft refined product sales in the March quarter, which fell to 531,500 barrels per day (BPD) from the prior-year level of 542,800 BPD due to lower refinery utilization levels, a trend that most likely continued in the second quarter as well. Visit www.zacksdata.com to get our data and content for your mobile app or website.
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