Shares of Imperial Oil (IMO) have been strong performers lately, with the stock up 8.8% over the past month. The stock hit a new 52-week high of $92.33 in the previous session. Imperial Oil has gained 47.6% since the start of the year compared to the 4.3% move for the Zacks Oils-Energy sector and the 14.6% return for the Zacks Oil and Gas - Integrated - Canadian industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings con ...

Group 1: Earnings Performance - Suncor Energy reported quarterly earnings of $0.51 per share, exceeding the Zacks Consensus Estimate of $0.50 per share, but down from $0.93 per share a year ago, representing an earnings surprise of +2.00% [1] - The company posted revenues of $8.6 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 11.28%, compared to year-ago revenues of $9.53 billion [2] - Over the last four quarters, Suncor Energy has consistently surpassed consensus EPS estimates [2] Group 2: Stock Performance and Outlook - Suncor Energy shares have increased approximately 9.3% since the beginning of the year, outperforming the S&P 500's gain of 7.6% [3] - The current consensus EPS estimate for the upcoming quarter is $0.65 on revenues of $8.16 billion, and for the current fiscal year, it is $2.84 on revenues of $32.81 billion [7] - The estimate revisions trend for Suncor Energy was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Group 3: Industry Context - The Oil and Gas - Integrated - Canadian industry, to which Suncor Energy belongs, is currently ranked in the top 41% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Core Viewpoint - Imperial Oil reported quarterly earnings of $1.34 per share, exceeding the Zacks Consensus Estimate of $1.22 per share, but down from $1.54 per share a year ago, indicating a +9.84% earnings surprise [1] Group 1: Earnings Performance - The company has surpassed consensus EPS estimates for the last four quarters [2] - Imperial Oil's revenues for the quarter ended June 2025 were $8.12 billion, missing the Zacks Consensus Estimate by 23.02%, and down from $9.78 billion year-over-year [2] - The company has not beaten consensus revenue estimates in the last four quarters [2] Group 2: Stock Performance - Imperial Oil shares have increased approximately 35.5% since the beginning of the year, compared to the S&P 500's gain of 7.8% [3] - The stock's immediate price movement will depend on management's commentary during the earnings call [3] Group 3: Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.24 on revenues of $10.2 billion, and for the current fiscal year, it is $5.57 on revenues of $37.93 billion [7] - The Zacks Industry Rank for Oil and Gas - Integrated - Canadian is in the top 40% of over 250 Zacks industries, indicating a favorable outlook [8] Group 4: Competitor Insights - Suncor Energy, a competitor in the same industry, is expected to report quarterly earnings of $0.50 per share, reflecting a year-over-year decline of -46.2% [9] - Suncor Energy's anticipated revenues are $7.65 billion, down 19.7% from the previous year [10]

Core Insights - Cenovus Energy reported quarterly earnings of $0.33 per share, exceeding the Zacks Consensus Estimate of $0.14 per share, but down from $0.39 per share a year ago, representing an earnings surprise of +135.71% [1] - The company posted revenues of $8.9 billion for the quarter ended June 2025, missing the Zacks Consensus Estimate by 2.49% and down from $10.88 billion year-over-year [2] - Cenovus shares have underperformed the market, losing about 0.5% since the beginning of the year compared to the S&P 500's gain of 8.2% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.30 on revenues of $9.38 billion, and for the current fiscal year, it is $1.01 on revenues of $36.08 billion [7] - The estimate revisions trend for Cenovus was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Oil and Gas - Integrated - Canadian industry is currently in the top 39% of Zacks industries, suggesting that companies in the top 50% outperform those in the bottom 50% by a factor of more than 2 to 1 [8] - Another company in the same industry, Imperial Oil, is expected to report quarterly earnings of $1.22 per share, reflecting a year-over-year change of -20.8%, with revenues projected at $10.54 billion, up 7.8% from the previous year [9][10]

Group 1 - The stock of Cenovus Energy Inc. (CVE) is experiencing significant attention due to high implied volatility in the options market, particularly for the Jan 16, 2025 $35.00 Call option [1] - Implied volatility indicates the market's expectation of future price movement, suggesting that investors anticipate a significant change in Cenovus Energy's stock price, potentially due to an upcoming event [2] - Cenovus Energy currently holds a Zacks Rank 3 (Hold) in the Oil and Gas - Integrated - Canadian Industry, which is in the top 40% of the Zacks Industry Rank, but analysts have not increased their earnings estimates for the current quarter, leading to a downward revision of the consensus estimate from 24 cents to 20 cents [3] Group 2 - The high implied volatility surrounding Cenovus Energy may indicate a developing trading opportunity, as options traders often seek to sell premium on options with high implied volatility to capture decay [4]

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]

Group 1: Company Performance - Flotek Industries (FTK) has gained approximately 59% year-to-date, significantly outperforming the average return of -0.6% for the Oils-Energy sector [4] - The Zacks Consensus Estimate for FTK's full-year earnings has increased by 22.1% over the past quarter, indicating improving analyst sentiment and a positive earnings outlook [3] - Flotek Industries is ranked 1 (Strong Buy) in the Zacks Rank system, suggesting strong potential for future performance [3] Group 2: Industry Context - Flotek Industries is part of the Oil and Gas - Field Services industry, which consists of 23 companies and currently ranks 134 in the Zacks Industry Rank [5] - The average return for the Oil and Gas - Field Services industry has been a loss of 9.6% year-to-date, highlighting Flotek's superior performance within its industry [5] - Another outperforming stock in the Oils-Energy sector is Gibson Energy Inc. (GBNXF), which has returned 0.7% year-to-date [4][6]

Core Viewpoint - Cenovus Energy reported quarterly earnings of $0.32 per share, exceeding the Zacks Consensus Estimate of $0.29 per share, but down from $0.46 per share a year ago, indicating a mixed performance in earnings despite a positive surprise this quarter [1][2]. Financial Performance - The company posted revenues of $9.26 billion for the quarter ended March 2025, missing the Zacks Consensus Estimate by 2.18% and down from $9.94 billion year-over-year [2]. - Over the last four quarters, Cenovus has surpassed consensus EPS estimates only once, while topping revenue estimates two times [2]. Stock Performance - Cenovus shares have declined approximately 22.4% since the beginning of the year, contrasting with the S&P 500's decline of 4.3% [3]. - The current Zacks Rank for Cenovus is 3 (Hold), indicating expected performance in line with the market in the near future [6]. Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.32 on revenues of $9.21 billion, and for the current fiscal year, it is $1.41 on revenues of $37.83 billion [7]. - The outlook for the industry, specifically the Oil and Gas - Integrated - Canadian sector, is currently in the top 24% of Zacks industries, suggesting a favorable environment for performance [8].

Core Insights - Suncor Energy reported quarterly earnings of $0.91 per share, exceeding the Zacks Consensus Estimate of $0.86 per share, but down from $1.05 per share a year ago, indicating a 13.3% year-over-year decline [1] - The company achieved revenues of $8.67 billion for the quarter, surpassing the Zacks Consensus Estimate by 3.95%, but down from $9.29 billion year-over-year, reflecting a 6.7% decrease [2] - Suncor Energy has consistently outperformed consensus EPS estimates over the last four quarters, with an earnings surprise of 5.81% this quarter and 8.54% in the previous quarter [1][2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.64, with projected revenues of $7.83 billion, while the estimate for the current fiscal year is $3.40 on revenues of $33.34 billion [7] - The trend of estimate revisions for Suncor Energy is mixed, leading to a Zacks Rank of 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6] Industry Context - The Oil and Gas - Integrated - Canadian industry, to which Suncor Energy belongs, is currently ranked in the top 22% of over 250 Zacks industries, indicating a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Company Overview - Veren (VRN) is expected to report a year-over-year increase in earnings of +31.8% to $0.29 per share, despite a revenue decline of 12.4% to $719.9 million for the quarter ended March 2025 [3][12] - The stock's price movement will largely depend on how actual results compare to consensus estimates, with a potential for higher stock prices if results exceed expectations [1][2] Earnings Estimates and Revisions - The consensus EPS estimate for Veren has been revised 25% higher in the last 30 days, indicating a bullish sentiment among analysts [4] - The Most Accurate Estimate for Veren is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +13.79%, suggesting a strong likelihood of beating the consensus EPS estimate [10][11] Earnings Surprise History - In the last reported quarter, Veren exceeded expectations by delivering earnings of $0.29 per share against an expected $0.24, resulting in a surprise of +20.83% [12] - Over the last four quarters, Veren has beaten consensus EPS estimates only once, indicating a mixed performance history [13] Industry Context - In the Zacks Oil and Gas - Integrated - Canadian industry, Cenovus Energy (CVE) is expected to report earnings of $0.29 per share, reflecting a year-over-year decline of -37%, with revenues projected at $9.55 billion, down 3.9% [17] - Cenovus has seen a 1.6% downward revision in its consensus EPS estimate over the last 30 days, and its Earnings ESP is currently at 0.00%, making it difficult to predict a beat against consensus estimates [18]