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Suncor Energy (SU) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Suncor Energy (SU - Free Report) closed at $32.99, marking a -1.32% move from the previous day. This change lagged the S&P 500's daily loss of 1.26%. Meanwhile, the Dow lost 0.8%, and the Nasdaq, a tech-heavy index, lost 0.44%.
Prior to today's trading, shares of the energy company had gained 1.73% over the past month. This has lagged the Oils-Energy sector's gain of 5.66% and the S&P 500's gain of 6.07% in that time.
Investors will be hoping for strength from Suncor Energy as it approaches its next earnings release. In that report, analysts expect Suncor Energy to post earnings of $1.06 per share. This would mark year-over-year growth of 171.79%. Our most recent consensus estimate is calling for quarterly revenue of $8.71 billion, up 27.78% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.86 per share and revenue of $34.77 billion. These totals would mark changes of +89.22% and +11.48%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Suncor Energy. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 13.18% higher. Suncor Energy is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note Suncor Energy's current valuation metrics, including its Forward P/E ratio of 8.65. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 8.65.
It is also worth noting that SU currently has a PEG ratio of 0.63. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. SU's industry had an average PEG ratio of 0.48 as of yesterday's close.
The Oil and Gas - Integrated - Canadian industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 4, which puts it in the top 2% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Suncor Energy (SU) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Suncor Energy (SU - Free Report) closed at $32.99, marking a -1.32% move from the previous day. This change lagged the S&P 500's daily loss of 1.26%. Meanwhile, the Dow lost 0.8%, and the Nasdaq, a tech-heavy index, lost 0.44%.
Prior to today's trading, shares of the energy company had gained 1.73% over the past month. This has lagged the Oils-Energy sector's gain of 5.66% and the S&P 500's gain of 6.07% in that time.
Investors will be hoping for strength from Suncor Energy as it approaches its next earnings release. In that report, analysts expect Suncor Energy to post earnings of $1.06 per share. This would mark year-over-year growth of 171.79%. Our most recent consensus estimate is calling for quarterly revenue of $8.71 billion, up 27.78% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.86 per share and revenue of $34.77 billion. These totals would mark changes of +89.22% and +11.48%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Suncor Energy. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 13.18% higher. Suncor Energy is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note Suncor Energy's current valuation metrics, including its Forward P/E ratio of 8.65. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 8.65.
It is also worth noting that SU currently has a PEG ratio of 0.63. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. SU's industry had an average PEG ratio of 0.48 as of yesterday's close.
The Oil and Gas - Integrated - Canadian industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 4, which puts it in the top 2% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.