Suncor Energy (SU - Free Report) closed the most recent trading day at $18.54, moving +1.64% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.46%.
Prior to today's trading, shares of the energy company had lost 7.65% over the past month. This has lagged the Oils-Energy sector's loss of 0.85% and the S&P 500's gain of 1.93% in that time.
Wall Street will be looking for positivity from SU as it approaches its next earnings report date. The company is expected to report EPS of $0.56, up 273.33% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $9.18 billion, up 89.43% from the year-ago period.
SU's full-year Zacks Consensus Estimates are calling for earnings of $2 per share and revenue of $32.89 billion. These results would represent year-over-year changes of +281.82% and +75.42%, respectively.
Any recent changes to analyst estimates for SU should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. SU currently has a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that SU has a Forward P/E ratio of 9.12 right now. Its industry sports an average Forward P/E of 9.48, so we one might conclude that SU is trading at a discount comparatively.
Meanwhile, SU's PEG ratio is currently 3.04. 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. The Oil and Gas - Integrated - Canadian industry currently had an average PEG ratio of 3.04 as of yesterday's close.
The Oil and Gas - Integrated - Canadian industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 7, putting it in the top 3% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
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 - Free Report) closed the most recent trading day at $18.54, moving +1.64% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.46%.
Prior to today's trading, shares of the energy company had lost 7.65% over the past month. This has lagged the Oils-Energy sector's loss of 0.85% and the S&P 500's gain of 1.93% in that time.
Wall Street will be looking for positivity from SU as it approaches its next earnings report date. The company is expected to report EPS of $0.56, up 273.33% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $9.18 billion, up 89.43% from the year-ago period.
SU's full-year Zacks Consensus Estimates are calling for earnings of $2 per share and revenue of $32.89 billion. These results would represent year-over-year changes of +281.82% and +75.42%, respectively.
Any recent changes to analyst estimates for SU should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. SU currently has a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that SU has a Forward P/E ratio of 9.12 right now. Its industry sports an average Forward P/E of 9.48, so we one might conclude that SU is trading at a discount comparatively.
Meanwhile, SU's PEG ratio is currently 3.04. 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. The Oil and Gas - Integrated - Canadian industry currently had an average PEG ratio of 3.04 as of yesterday's close.
The Oil and Gas - Integrated - Canadian industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 7, putting it in the top 3% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Buy 5 Stocks BEFORE Election Day
Biden or Trump? Zacks is releasing a FREE Special Report, Profit from the 2024 Presidential Election (no matter who wins).
Since 1950, presidential election years have been strong for the market. This report names 5 timely stocks to ride the wave of electoral excitement.
They include a medical manufacturer that gained +11,000% in the last 15 years… a rental company absolutely crushing its sector… an energy powerhouse planning to grow its already large dividend by 25%... an aerospace and defense standout that just landed a potentially $80 billion contract… and a giant chipmaker building huge plants in the U.S.
Don’t Wait. Download FREE >>
Get the latest research report on SU - FREE