Cenovus Energy (CVE) Stock Dips While Market Gains: Key Facts

Group 1 - Cenovus Energy's stock closed at $13.65, reflecting a -1.16% change from the previous day, underperforming compared to the S&P 500's gain of 0.52% [1] - Over the past month, Cenovus Energy's shares increased by 1.92%, lagging behind the Oils-Energy sector's gain of 5.34% and the S&P 500's gain of 5.95% [1] Group 2 - The upcoming earnings disclosure for Cenovus Energy is anticipated, with projected EPS at $0.2, indicating a 48.72% decline year-over-year, and revenue expected at $9.21 billion, a 15.35% decrease from the same quarter last year [2] - For the full year, earnings are projected at $0.98 per share and revenue at $35.98 billion, representing changes of -19.67% and -9.27% respectively from the prior year [3] Group 3 - Recent changes in analyst estimates for Cenovus Energy are important as they reflect short-term business trends, with positive revisions indicating analysts' confidence in performance and profit potential [4] - The Zacks Rank system, which incorporates estimate changes, has a strong track record, with stocks rated 1 producing an average annual return of +25% since 1988 [6] Group 4 - Cenovus Energy has a Forward P/E ratio of 14.13, which is lower than the industry average of 14.4, suggesting it is trading at a discount [7] - The Oil and Gas - Integrated - Canadian industry, part of the Oils-Energy sector, has a Zacks Industry Rank of 39, placing it in the top 16% of over 250 industries [7]