Insights Into Suncor Energy (SU) Q2: Wall Street Projections for Key Metrics

Core Insights - Suncor Energy is expected to report quarterly earnings of $0.50 per share, a decline of 46.2% year-over-year, with revenues projected at $7.65 billion, down 19.7% from the previous year [1] Earnings Projections - Over the last 30 days, the consensus EPS estimate has been revised downward by 0.8%, indicating a collective reassessment by analysts [2] - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3] Key Metrics Projections - Total refined product sales per day are projected to be 493.77 thousand barrels, down from 594.70 thousand barrels year-over-year [5] - Sales volumes per day for total Oil Sands operations are estimated at 730.66 thousand barrels, slightly up from 726.40 thousand barrels in the same quarter last year [5] - Crude oil processed per day in Eastern North America is estimated at 202.02 thousand barrels, compared to 169.80 thousand barrels a year ago [6] - Crude oil processed per day in Western North America is projected at 195.20 thousand barrels, also up from 169.80 thousand barrels year-over-year [6] - Total crude oil processed per day is expected to reach 397.22 thousand barrels, down from 430.00 thousand barrels in the same quarter last year [7] - Production volumes per day for Oil Sands operations (non-upgraded bitumen) are estimated at 265.67 thousand barrels, compared to 254.30 thousand barrels last year [8] - Production volumes per day for Oil Sands operations (upgraded) are projected at 464.99 thousand barrels, slightly up from 461.70 thousand barrels year-over-year [9] - Total Fort Hills bitumen production is expected to be 157.14 thousand barrels, down from 166.90 thousand barrels last year [11] - Production volumes per day for E&P Canada are estimated at 47.50 thousand barrels, compared to 49.00 thousand barrels a year ago [12] Stock Performance - Suncor Energy shares have increased by 3.6% over the past month, outperforming the Zacks S&P 500 composite, which rose by 2.7% [12]