We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Cenovus (CVE) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Read MoreHide Full Article
Cenovus Energy (CVE - Free Report) reported $9.01 billion in revenue for the quarter ended March 2026, representing a year-over-year decline of 2.8%. EPS of $0.61 for the same period compares to $0.32 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $9.26 billion, representing a surprise of -2.75%. The company delivered an EPS surprise of +9.91%, with the consensus EPS estimate being $0.56.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Cenovus performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total Production Per Day - Heavy Crude Oil: 29.00 MBbls compared to the 26.28 MBbls average estimate based on two analysts.
Upstream(Oil Sands) -Production Volumes per day: 775.00 Kboe compared to the 772.76 Kboe average estimate based on two analysts.
Total Production Per Day - Bitumen: 743.60 MBbls versus 744.22 MBbls estimated by two analysts on average.
Upstream - Total Conventional Natural Gas Production: 852 millions of cubic feet versus 860.48 millions of cubic feet estimated by two analysts on average.
Total Upstream Production: 972.1 millions of barrels of oil equivalent versus 965.29 millions of barrels of oil equivalent estimated by two analysts on average.
Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production - Foster Creek: 223 millions of barrels of oil compared to the 220.3 millions of barrels of oil average estimate based on two analysts.
Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production - Christina Lake: 358.9 millions of barrels of oil versus the two-analyst average estimate of 358.03 millions of barrels of oil.
Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production - Sunrise: 59.4 millions of barrels of oil versus the two-analyst average estimate of 60.45 millions of barrels of oil.
Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production - Lloydminster Therma: 102.3 millions of barrels of oil compared to the 105.44 millions of barrels of oil average estimate based on two analysts.
Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production - Lloydminster Conventional Heavy Oil: 29 millions of barrels of oil compared to the 26.28 millions of barrels of oil average estimate based on two analysts.
Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production: 772.6 millions of barrels of oil compared to the 770.49 millions of barrels of oil average estimate based on two analysts.
Upstream - Total Conventional Natural Gas Production - Oil Sands: 14.4 millions of cubic feet versus the two-analyst average estimate of 13.6 millions of cubic feet.
Shares of Cenovus have returned +12% over the past month versus the Zacks S&P 500 composite's +10.3% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Cenovus (CVE) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Cenovus Energy (CVE - Free Report) reported $9.01 billion in revenue for the quarter ended March 2026, representing a year-over-year decline of 2.8%. EPS of $0.61 for the same period compares to $0.32 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $9.26 billion, representing a surprise of -2.75%. The company delivered an EPS surprise of +9.91%, with the consensus EPS estimate being $0.56.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Cenovus performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for Cenovus here>>>
Shares of Cenovus have returned +12% over the past month versus the Zacks S&P 500 composite's +10.3% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.