Suncor Energy (SU) Q4 Earnings and Revenues Beat Estimates

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]