Suncor Energy (SU) Surpasses Q3 Earnings and Revenue Estimates

Core Insights - Suncor Energy reported quarterly earnings of $1.07 per share, exceeding the Zacks Consensus Estimate of $0.85 per share, with a year-over-year comparison showing a slight decrease from $1.08 per share [1] - The company achieved revenues of $9.2 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 11.10%, although this represents a decline from $9.58 billion in the same quarter last year [2] - Suncor Energy has consistently surpassed consensus EPS estimates over the last four quarters, indicating strong performance [2] Earnings Performance - The earnings surprise for the recent quarter was +25.88%, following a previous surprise of +2% when actual earnings were $0.51 compared to an expected $0.50 [1][2] - The current consensus EPS estimate for the upcoming quarter is $0.56, with projected revenues of $8.18 billion, and for the current fiscal year, the estimate is $2.84 on revenues of $34.01 billion [7] Market Position and Outlook - Suncor Energy shares have increased by approximately 11.1% since the beginning of the year, while the S&P 500 has gained 16.5%, indicating underperformance relative to the broader market [3] - The Zacks Industry Rank places the Oil and Gas - Integrated - Canadian sector in the top 20% of over 250 Zacks industries, suggesting a favorable industry outlook [8] Future Earnings Expectations - The trend of earnings estimate revisions for Suncor Energy was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] - The sustainability of the stock's price movement will largely depend on management's commentary during the earnings call and future earnings expectations [3][4]