Group 1: Earnings Performance - Suncor Energy reported quarterly earnings of $0.89 per share, exceeding the Zacks Consensus Estimate of $0.82 per share, but down from $0.93 per share a year ago, representing an earnings surprise of 8.54% [1] - The company has surpassed consensus EPS estimates for the last four quarters [2] - Suncor Energy's revenues for the quarter ended December 2024 were $8.94 billion, surpassing the Zacks Consensus Estimate by 4.35%, compared to $10.39 billion in the same quarter last year [2] Group 2: Stock Performance and Outlook - Suncor Energy shares have increased approximately 6.9% since the beginning of the year, outperforming the S&P 500's gain of 2.7% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters [4] - The current consensus EPS estimate for the next quarter is $0.82 on revenues of $8.17 billion, and for the current fiscal year, it is $3.25 on revenues of $32.44 billion [7] Group 3: Industry Context - The Oil and Gas - Integrated - Canadian industry, to which Suncor Energy belongs, is currently ranked in the top 35% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Suncor Energy's stock performance [5][6]

Core Insights - Suncor Energy Inc. reported strong performance in Q4 2024, achieving record production levels and operational efficiency, setting the stage for continued success in 2025 [3][6][7] Financial Highlights - Net earnings for Q4 2024 were Cdn$818 million, down from Cdn$2.820 billion in Q4 2023 [5][12] - Adjusted operating earnings were Cdn$1.566 billion, compared to Cdn$1.635 billion in the prior year [12] - Adjusted funds from operations totaled Cdn$3.493 billion, down from Cdn$4.034 billion year-over-year [12][13] - Free funds flow reached Cdn$1.923 billion in Q4 2024 [8] Operational Performance - Record upstream production of 875,000 barrels per day (bbls/d) in Q4 2024, compared to 808,100 bbls/d in Q4 2023 [6][17] - Refinery utilization was at 104%, with throughput of 486,200 bbls/d, up from 455,900 bbls/d in the prior year [17] - Refined product sales reached a record 613,300 bbls/d, exceeding the previous record of 575,500 bbls/d [17] Shareholder Returns - Suncor returned Cdn$1.7 billion to shareholders in Q4 2024, including Cdn$1 billion in share repurchases and Cdn$700 million in dividends [6][24] - The quarterly dividend was increased by approximately 5% to Cdn$0.57 per share [24] Debt and Financial Position - Net debt decreased to Cdn$6.861 billion from Cdn$9.852 billion year-over-year [36] - Total debt was reported at Cdn$10.345 billion, down from Cdn$11.581 billion [36] Corporate Strategy - The company has committed to returning 100% of excess funds to shareholders following the achievement of its Cdn$8 billion net debt target [24][21] - Suncor is focused on maintaining high performance and operational reliability to achieve free cash flow targets and enhance shareholder value [3][6]

Suncor Energy (SU) is set to report fourth-quarter earnings on Feb. 5, after the closing bell. The Zacks Consensus Estimate for earnings is pegged at 82 cents per share and the same for revenues is pinned at $8.56 billion.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Let us delve into the factors that might have influenced SU’s performance in the to-be-reported quarter. Before that, it is worth taking a look at the company’s performance in the last reported quarter.Highlights of SU’ ...

Although 70% of survey respondents recognize the importance of reducing their carbon footprint, many are still opting for small-scale solutions.Turning off lights is the most common energy-saving method, but accounts for just 5% of average energy bills. However, only 44% of respondents adjusted their ambient temperature, representing over half of household energy use.Rueil-Malmaison, France, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Schneider Electric, the leader in the digital transformation of energy management a ...

Suncor Energy (SU) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on February 5, 2025, might help the stock move higher if these key numbers are better than ...

Calgary, Alberta--(Newsfile Corp. - January 22, 2025) - Suncor Energy (TSX: SU) (NYSE: SU) will release its fourth quarter financial results on February 5, 2025 before 5:00 p.m. MT (7:00 p.m. ET).A webcast to review the fourth quarter will be held on February 6, 2025 at 7:30 a.m. MT (9:30 a.m. ET). Representing management will be Rich Kruger, President and Chief Executive Officer and Kris Smith, Chief Financial Officer. A question and answer period with analysts will follow brief remarks from management. T ...

First-ever corporation to top Corporate Knights Global 100 twice14th consecutive year in Global 100 index, 7th top 10 ranking Follows strong 2024 performance in other key ESG ratingsRueil-Malmaison, France, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Schneider Electric, the leader in the digital transformation of energy management and automation, has been named the World’s Most Sustainable Corporation 2025 by Corporate Knights and is the only company to rank first in the Global 100 twice. Schneider Electric previousl ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Suncor Energy (SU) . This company, which is in the Zacks Oil and Gas - Integrated - Canadian industry, shows potential for another earnings beat.This energy company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 22.55 ...

- More collaboration and innovative technologies essential for combining business and environmental goals, company claims- Company executives, including CEO, to participate in cross-sector meetings and panel discussionsRueil-Malmaison, France, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Schneider Electric, the global leader in energy management and automation, and recognized sustainability leader, will play an active role at the World Economic Forum Annual Meeting 2025 (WEF), advocating for more collaboration to incr ...

Retirement is complicated, and you only get once chance to do it right. Don't miss out because you didn't know what was out there.The Retirement Forum provides actionable ideals, a high-yield safe retirement portfolio, and macroeconomic outlooks, all to help you maximize your capital and your income. We search the entire market to help you maximize returns.Suncor Energy Inc. (NYSE: SU ) is an almost $50 billion Canadian integrated energy company. The company has recently announced records for its results fr ...