Core Viewpoint - Suncor Energy is expected to report a decline in quarterly earnings and revenues, with earnings per share projected at $0.86, down 18.1% year-over-year, and revenues forecasted at $8.34 billion, a decrease of 10.2% compared to the previous year [1]. Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised downward by 4.5%, indicating a collective reassessment by analysts of their initial forecasts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock price performance [3]. Key Metrics Forecast - Analysts predict that 'Crude oil processed per day - Total' will reach 461.56 million barrels, compared to 455.3 million barrels in the same quarter last year [5]. - The 'Sales Volumes per day - Oil Sands operations - Upgraded (SCO and Diesel)' is expected to be 529.88 million barrels, down from 550.3 million barrels year-over-year [6]. - The estimated 'Sales Volumes per day - Oil Sands operations - non-upgraded bitumen' is projected at 262.12 million barrels, up from 233.8 million barrels last year [7]. - 'Production Volumes per day - Total Fort Hills bitumen production' is expected to be 169.75 million barrels, down from 177.6 million barrels in the same quarter last year [8]. - 'Production Volumes per day - Total Syncrude production' is forecasted at 206.63 million barrels, up from 197.9 million barrels year-over-year [8]. - 'Production volumes per day - E&P Canada' is estimated at 50.68 million barrels, compared to 46.7 million barrels last year [9]. - 'Total refined product sales per day' is expected to reach 572.63 million barrels, down from 581 million barrels in the same quarter last year [9]. - 'Production volumes per day - Total Oil Sands production' is projected at 792.00 million barrels, up from 785 million barrels year-over-year [10]. - The consensus estimate for 'Production volumes per day - Exploration and Production' stands at 52.48 million barrels of oil equivalent, compared to 50.3 million barrels last year [10]. - 'Sales Volumes per day - Total Oil Sands operations' is expected to be 792.00 million barrels, slightly up from 784.1 million barrels in the same quarter last year [11]. - 'Crude oil processed per day - Eastern North America' is estimated at 217.56 million barrels, up from 216.5 million barrels last year [12]. - 'Crude oil processed per day - Western North America' is projected to reach 244.00 million barrels, compared to 238.8 million barrels year-over-year [12]. Stock Performance - Suncor Energy shares have shown a return of -2.9% over the past month, while the Zacks S&P 500 composite has changed by -0.5% [13]. - With a Zacks Rank of 3 (Hold), Suncor Energy is expected to perform in line with the overall market in the near future [13].