Unlocking Q2 Potential of Suncor Energy (SU): Exploring Wall Street Estimates for Key Metrics

Core Viewpoint - Analysts forecast a significant decline in Suncor Energy's quarterly earnings and revenues, indicating potential challenges for the company in the upcoming earnings release [1]. Earnings Estimates - Suncor Energy is expected to report earnings of $0.50 per share, reflecting a year-over-year decline of 46.2% [1]. - Revenue is anticipated to be $7.65 billion, which represents a decrease of 19.7% compared to the same quarter last year [1]. - Over the past 30 days, the consensus EPS estimate has been revised downward by 0.8%, indicating a collective reassessment by analysts [2]. Key Metrics Forecast - Total refined product sales per day are projected to reach 493.77 thousand barrels, down from 594.70 thousand barrels in the same quarter last year [5]. - Sales volumes per day for total Oil Sands operations are expected to be 730.66 thousand barrels, slightly up from 726.40 thousand barrels year-over-year [5]. - Crude oil processed per day in Eastern North America is forecasted at 202.02 thousand barrels, compared to 169.80 thousand barrels in the same quarter last year [6]. - Crude oil processed per day in Western North America is estimated at 195.20 thousand barrels, also up from 169.80 thousand barrels year-over-year [6]. - The total crude oil processed per day is expected to be 397.22 thousand barrels, down from 430.00 thousand barrels in the previous year [7]. - Production volumes per day for Oil Sands operations (non-upgraded bitumen) are projected at 265.67 thousand barrels, compared to 254.30 thousand barrels last year [7]. - Production volumes per day for Oil Sands operations (upgraded) are expected to reach 464.99 thousand barrels, slightly up from 461.70 thousand barrels year-over-year [8]. - Sales volumes per day for Oil Sands operations (upgraded) are also forecasted at 464.99 thousand barrels, compared to 453.80 thousand barrels last year [9]. - Production volumes per day for total Fort Hills bitumen production are estimated at 157.14 thousand barrels, down from 166.90 thousand barrels year-over-year [11]. - Production volumes per day for total Syncrude production are projected at 212.74 thousand barrels, up from 171.10 thousand barrels last year [11]. - Production volumes per day for E&P Canada are expected to be 47.50 thousand barrels, down from 49.00 thousand barrels year-over-year [12]. Market Performance - Suncor Energy shares have shown a return of +1.8% over the past month, outperforming the Zacks S&P 500 composite, which increased by +0.6% [12].