Cenovus Energy (CVE) Exceeds Market Returns: Some Facts to Consider

Core Viewpoint - Cenovus Energy's stock performance has been underwhelming recently, with a significant decline over the past month, and upcoming earnings are expected to show a notable decrease in EPS and revenue compared to the previous year [1][2][3]. Group 1: Stock Performance - Cenovus Energy closed at $11.97, reflecting a +1.7% increase from the previous day, outperforming the S&P 500's gain of 0.63% [1]. - Over the last month, Cenovus Energy's shares have decreased by 16.17%, which is worse than the Oils-Energy sector's loss of 11.18% and the S&P 500's loss of 0.7% [1]. Group 2: Upcoming Earnings - The earnings report for Cenovus Energy is scheduled for May 8, 2025, with an anticipated EPS of $0.29, representing a 36.96% decline from the same quarter last year [2]. - The consensus estimate for revenue is projected at $9.55 billion, indicating a 3.91% decrease from the equivalent quarter last year [2]. Group 3: Annual Estimates - For the annual period, the Zacks Consensus Estimates predict earnings of $1.41 per share and revenue of $38.08 billion, reflecting changes of +15.57% and -3.98% respectively from the previous year [3]. Group 4: Analyst Revisions and Rankings - Recent changes to analyst estimates for Cenovus Energy indicate a dynamic business outlook, with positive revisions suggesting optimism [3]. - The Zacks Rank system, which incorporates estimate changes, currently ranks Cenovus Energy at 3 (Hold) [5]. Group 5: Valuation Metrics - Cenovus Energy has a Forward P/E ratio of 8.36, which is lower than the industry average Forward P/E of 10.38, indicating a valuation discount [6]. - The Oil and Gas - Integrated - Canadian industry, part of the Oils-Energy sector, holds a Zacks Industry Rank of 50, placing it in the top 21% of over 250 industries [6].