Group 1: Stock Performance - Cenovus Energy (CVE) closed at $14.83, with a +2.84% change from the previous day, outperforming the S&P 500's daily loss of 1.13% [1] - The stock has increased by 5.72% over the past month, surpassing the Oils-Energy sector's gain of 5.03% and the S&P 500's gain of 3.55% [1] Group 2: Earnings Estimates - The upcoming earnings per share (EPS) for Cenovus Energy is projected to be $0.2, reflecting a 48.72% decrease from the same quarter last year [2] - Revenue is estimated to be $9.21 billion, indicating a 15.35% decline compared to the corresponding quarter of the prior year [2] - Full-year Zacks Consensus Estimates forecast earnings of $0.98 per share and revenue of $35.98 billion, representing year-over-year changes of -19.67% and -9.27%, respectively [3] Group 3: Analyst Ratings and Valuation - Cenovus Energy currently holds a Zacks Rank of 5 (Strong Sell), with a 20.53% decrease in the Zacks Consensus EPS estimate over the last 30 days [5] - The company has a Forward P/E ratio of 14.75, which is a premium compared to the industry average Forward P/E of 14.4 [6] - The Oil and Gas - Integrated - Canadian industry ranks in the bottom 5% of all industries, with a current Zacks Industry Rank of 234 [6]
Cenovus Energy (CVE) Ascends While Market Falls: Some Facts to Note