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Suncor Energy (SU) Gains But Lags Market: What You Should Know
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In the latest trading session, Suncor Energy (SU - Free Report) closed at $29.92, marking a +0.71% move from the previous day. This change lagged the S&P 500's 2.24% gain on the day. Meanwhile, the Dow gained 1.55%, and the Nasdaq, a tech-heavy index, added 0.44%.
Coming into today, shares of the energy company had gained 1.54% in the past month. In that same time, the Oils-Energy sector gained 1.6%, while the S&P 500 lost 4.46%.
Suncor Energy will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.06, up 171.79% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales 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 recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 has moved 12.63% higher. Suncor Energy currently has a Zacks Rank of #2 (Buy).
Digging into valuation, Suncor Energy currently has a Forward P/E ratio of 7.69. Its industry sports an average Forward P/E of 7.69, so we one might conclude that Suncor Energy is trading at a no noticeable deviation comparatively.
Also, we should mention that SU 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 0.42 based on yesterday's closing prices.
The Oil and Gas - Integrated - Canadian industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 2, putting it in the top 1% 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) Gains But Lags Market: What You Should Know
In the latest trading session, Suncor Energy (SU - Free Report) closed at $29.92, marking a +0.71% move from the previous day. This change lagged the S&P 500's 2.24% gain on the day. Meanwhile, the Dow gained 1.55%, and the Nasdaq, a tech-heavy index, added 0.44%.
Coming into today, shares of the energy company had gained 1.54% in the past month. In that same time, the Oils-Energy sector gained 1.6%, while the S&P 500 lost 4.46%.
Suncor Energy will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.06, up 171.79% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales 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 recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 has moved 12.63% higher. Suncor Energy currently has a Zacks Rank of #2 (Buy).
Digging into valuation, Suncor Energy currently has a Forward P/E ratio of 7.69. Its industry sports an average Forward P/E of 7.69, so we one might conclude that Suncor Energy is trading at a no noticeable deviation comparatively.
Also, we should mention that SU 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 0.42 based on yesterday's closing prices.
The Oil and Gas - Integrated - Canadian industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 2, putting it in the top 1% 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.