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Suncor Energy (SU) Surpasses Q2 Earnings and Revenue Estimates
ZACKSยท 2025-08-05 23:51
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]