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Suncor Energy (SU) Flat As Market Sinks: What You Should Know
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Suncor Energy (SU - Free Report) closed at $31.11 in the latest trading session, marking no change from the prior day. This change was narrower than the S&P 500's daily loss of 0.61%. Meanwhile, the Dow lost 0.42%, and the Nasdaq, a tech-heavy index, added 0.17%.
Heading into today, shares of the energy company had lost 15.96% over the past month, lagging the Oils-Energy sector's loss of 4.66% and the S&P 500's gain of 0.89% in that time.
Suncor Energy will be looking to display strength as it nears its next earnings release. In that report, analysts expect Suncor Energy to post earnings of $1.42 per share. This would mark year-over-year growth of 100%. Meanwhile, our latest consensus estimate is calling for revenue of $9.71 billion, up 9.67% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.17 per share and revenue of $42.78 billion, which would represent changes of +202.45% and +37.19%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Suncor Energy. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 3.14% lower. Suncor Energy currently has a Zacks Rank of #3 (Hold).
Investors should also note Suncor Energy's current valuation metrics, including its Forward P/E ratio of 5.04. This represents a discount compared to its industry's average Forward P/E of 6.65.
We can also see that SU currently has a PEG ratio of 0.56. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Oil and Gas - Integrated - Canadian stocks are, on average, holding a PEG ratio of 0.4 based on yesterday's closing prices.
The Oil and Gas - Integrated - Canadian industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 214, which puts it in the bottom 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Suncor Energy (SU) Flat As Market Sinks: What You Should Know
Suncor Energy (SU - Free Report) closed at $31.11 in the latest trading session, marking no change from the prior day. This change was narrower than the S&P 500's daily loss of 0.61%. Meanwhile, the Dow lost 0.42%, and the Nasdaq, a tech-heavy index, added 0.17%.
Heading into today, shares of the energy company had lost 15.96% over the past month, lagging the Oils-Energy sector's loss of 4.66% and the S&P 500's gain of 0.89% in that time.
Suncor Energy will be looking to display strength as it nears its next earnings release. In that report, analysts expect Suncor Energy to post earnings of $1.42 per share. This would mark year-over-year growth of 100%. Meanwhile, our latest consensus estimate is calling for revenue of $9.71 billion, up 9.67% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.17 per share and revenue of $42.78 billion, which would represent changes of +202.45% and +37.19%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Suncor Energy. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 3.14% lower. Suncor Energy currently has a Zacks Rank of #3 (Hold).
Investors should also note Suncor Energy's current valuation metrics, including its Forward P/E ratio of 5.04. This represents a discount compared to its industry's average Forward P/E of 6.65.
We can also see that SU currently has a PEG ratio of 0.56. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Oil and Gas - Integrated - Canadian stocks are, on average, holding a PEG ratio of 0.4 based on yesterday's closing prices.
The Oil and Gas - Integrated - Canadian industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 214, which puts it in the bottom 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.