Let’s delve into the factors that might have influenced the Canadian energy giant’s performance in the September quarter. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Analysts are expecting Suncor to post a net loss of $0.65 per share and revenue of $4.84 billion. Du kan også vælge 'Administrer indstillinger', hvis du vil have mere at vide og for at administrere dine valg. Suncor Energy reported operating loss per share of 71 cents, wider than the Zacks Consensus Estimate of a loss of 44 cents. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of beating estimates. While earnings beat looks uncertain for Suncor Energy, here are some firms from the energy  space you may want to consider on the basis of our model: Antero Midstream Corporation AM has an Earnings ESP of +9.89% and a Zacks Rank #2. Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, for this company is +21.43%. In the last-reported quarter, the Calgary, Alberta-based operator missed the consensus mark due to lower commodity prices and reduced upstream production. 13,026 (2011) Website: suncor.com: Suncor Energy is a Canadian integrated energy company based in Calgary, Alberta. The current Zacks Consensus Estimate for the to-be-reported quarter is a loss of 7 cents per share on revenues of $5.1 billion. Production & Refinery Utilization (as of September 7, 2020). But that’s not the case here. TC Energy Corporation TRP has an Earnings ESP of +1.45% and is Zacks #3 Ranked. 2019 Annual Report (PDF, 164 pp. It could become the mother of all technological revolutions. By using this site you agree to the You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. But it’s worth taking a look at Suncor Energy’s previous-quarter performance first. Net income ($1.99) billion CAN (2015) Total assets: CAN$ 77.527 billion (2015) Total equity: CAN $39.039 billion (2015) Number of employees. The current Zacks Consensus Estimate for the to-be-reported quarter is a loss of 7 cents per share on revenues of $5.1 billion. ET Suncor Energy SU is set to release third-quarter 2020 results after the closing bell on Wednesday, Oct 28. Suncor’s Annual Information Form and Annual Report to Shareholders, each dated February 26, 2020, Form 40-F dated February 27, 2020, its MD&A and other documents Suncor files from time to time with securities regulatory authorities describe the risks, uncertainties, material assumptions and other factors that could influence actual results and such factors are incorporated herein by reference. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. 3.3 MB) Message to Shareholders (PDF, 7 pp. Weak commodity prices and lower production are likely to have negatively impacted Suncor Energy’s output in the to-be-reported quarter. 2019 Suncor Annual Report and other filings. Like us on Facebook to see similar stories, Minnesota reports three Covid-19 outbreaks related to Trump campaign events in September, A New Website Tracks Broken McFlurry Machines, Because We've All Been Heartbroken Before. Suncor Energy SU is set to release third-quarter 2020 results after the closing bell on Wednesday, Oct 28. Historical and current end-of-day data provided by FACTSET. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Du kan ændre dine valg når som helst i Dine kontrolfunktioner til beskyttelse af private oplysninger. 2020 Updated Full Year Outlook. Du kan give Verizon Media og vores partnere lov til at behandle dine personlige data ved at vælge 'Jeg accepterer'. However, the estimated figure indicates 112.7% deterioration year over year. The Zacks Consensus Estimate for third-quarter bottom line has been revised 22.2% upward in the last seven days. Also, its net cash burn could go down on a quarter over quarter basis. However, as a counter to these negatives, Suncor Energy has also done a fairly admirable job at reducing costs. Vi og vores partnere opbevarer og/eller har adgang til oplysninger om din enhed via brugen af cookies og lignende teknologier for at vise personligt tilpassede annoncer og personligt tilpasset indhold, til måling af annoncer og indholds effektivitet, til indsigt om målgrupper samt produktudvikling. Devon Energy Corp. DVN has an Earnings ESP of +23.50% and is Zacks #3 Ranked. Dine kontrolfunktioner til beskyttelse af private oplysninger, Oplysninger om din enhed og internetforbindelse, herunder din IP-adresse, Browsing- og søgeaktivitet ved brug af websites og apps fra Verizon Media. The firm is scheduled to release earnings on Oct 29. The firm is scheduled to release earnings on Oct 28. Få mere at vide om, hvordan vi bruger dine oplysninger i vores Fortrolighedspolitik og Cookiepolitik. This is depicted in the graph below: Suncor Energy Inc. price-eps-surprise | Suncor Energy Inc. Quote. Moreover, the integrated oil company’s quarterly revenues of $3.1 billion came below the Zacks Consensus Estimate of $4.1 billion. In the previous quarter, Suncor experienced the wrath of declining oil prices, a trend that is most likely to have continued in the third quarter because of the continuation of the weak operating environment. Privacy Notice and Apart from significant capital cuts, the company should realize sizeable savings from a headcount reduction and operating cost control. If you reached this page by clicking a link on the MarketWatch site,please report it to Customer Service. Intraday Data provided by FACTSET and subject to terms of use. What to Expect From Suncor Energy (SU) This Earnings Season? 680,000 – 710,000 (4). Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market. The company expects its third-quarter average daily oil sands output to be 305,000-320,000 barrels, indicating a 26% decrease at the midpoint from 422,200 barrels per day a year ago. Copyright © 2020 MarketWatch, Inc. All rights reserved. 1.7 MB) Management's Discussion and Analysis (PDF, 63 pp., 256.6 KB) Financial Statements and Notes (PDF, 55 pp., 335.5 KB) Annual Information Form dated February 26, 2020 (PDF, 100 pp., 1.1 MB) 2020 Management Proxy Circular (PDF, 91 pp., 1.3 MB) Notice of Annual … Show full articles without "Continue Reading" button for {0} hours. Let’s delve into the factors that might have influenced the Canadian energy giant’s performance in the September quarter. Suncor Total Production (boe/d) (3). In the most recent quarter, Air Canada’s top line plunged 89%, reflecting a drop of 96% in total passenger volumes. Cookie Notice. Subscriber Agreement & Terms of Use Updated 10/22/2020 The proven Zacks model does not conclusively show that Suncor Energy is likely to beat estimates in the fiscal first quarter. As far as earnings surprises are concerned, Suncor Energy beat the Zacks Consensus Estimate in two of the last four quarters and missed in the other two, delivering a negative earnings surprise of 15.12%, on average. Suncor Energy SU is set to release third-quarter 2020 results after the closing bell on Wednesday, Oct 28. All quotes are in local exchange time. Zacks Rank: Suncor Energy has a Zacks Rank #4 (Sell). As of March 18, when we finalized this list, Forbes counted 2,095 billionaires, 58 fewer than a year ago and 226 fewer than just 12 days earlier, when we initially calculated these net worths. Press Release Suncor Energy provides a corporate update including revised 2020 capital program, operating costs and production outlook Published: March 24, 2020 at 12:19 a.m. The firm is scheduled to release earnings on Oct 29. The Zacks Consensus Estimate for revenues, meanwhile, suggests a 32.1% decline from the year-ago period. Suncor ranks number 134 in the Forbes Global 2000 list. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021. All this is expected to have pushed Suncor Energy’s third-quarter earnings and cash flows higher. In fact, the tough energy landscape meant that Suncor swung to a net loss during the first two quarters of 2020 and was forced to slash its dividend by more than half. Suncor is also facing operational hurdles following a fire incident at the secondary extraction facilities of its Base Plant mine, which forced the firm to cut back its production outlook. Its cash outflows as capital expenditure continue to fall as it reins in spending levels. It specializes in production of synthetic crude from oil sands. Yahoo er en del af Verizon Media. Intraday data delayed at least 15 minutes or per exchange requirements.

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