In the last trading session, Suncor Energy (SU) closed at $ 19.36, marking a movement of -1.07% from the previous day. This change was smaller than the S&P 500’s 0.91% loss on the day.
Prior to today’s session, shares of the energy company had gained 11.51% over the past month. This topped the Oil-Energy sector’s 3.93% gain and the S&P 500’s 0.01% gain during this period.
Investors are hoping for strength from SU as its next earnings release nears. In this report, analysts expect SU to post earnings of $ 0.55 per share. That would mark year-over-year growth of 266.67%. Meanwhile, our latest consensus estimate projects revenue of $ 8.95 billion, up 84.74% from the previous year’s quarter.
For the full year, our Zacks consensus estimates suggest analysts expect earnings of $ 1.89 per share and revenue of $ 32.15 billion. These totals would mark changes of + 271.82% and + 71.47%, respectively, from a year ago.
Investors might also notice recent changes in analyst estimates for SU. These revisions help show the ever-changing nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Our research shows that these changes in estimate are directly correlated with short-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes these rating 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 and externally verified outperformance history, with # 1 stocks returning an average of + 25% per year since 1988. Over the past month, Zacks Consensus EPS estimate has fallen 5.5%. SU is currently a Zacks Rank # 3 (Hold).
Looking at its valuation, SU holds a forward P / E ratio of 10.35. This represents a discount to its sector’s average forward P / E of 10.59.
Also, we have to mention that SU has a PEG ratio of 3.45. This popular metric is similar to the well-known P / E ratio, except that the PEG ratio also takes into account the expected rate of earnings growth of the company. The SU industry had an average PEG ratio of 3.45 at yesterday’s close.
Canada’s integrated oil and gas industry is part of the oil-energy sector. This group has a Zacks Industry Rank of 31, placing it in the top 13% of all 250+ industries.
The Zacks Industry Rankings assesses the strength of our individual industry groups by measuring the average Zacks rank of individual stocks within groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock market metrics and more on Zacks.com.
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Suncor Energy Inc. (SU): Free Inventory Analysis Report
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