Suncor Energy Inc. (NYSE:SU) is projected to declare fiscal fourth quarter financial results right before the stock market’s official open on February 08, 2017. The stock added about 12.3 percent in price since last results when it was at $29.29 a share. Based on the most relevant past-periods data, there is an 64.29 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 18 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 33% of the time in its last 12 earnings reports. It fell short of earnings estimates on 6 occasions, and it has met expectations 2 times.
Here’s how traders responded to SU earnings announcements over the past few quarters.
Suncor Energy Inc. (SU) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 40.55 percent over the past four quarters. Back on October 26, 2016, it posted earnings per-share earnings at $0.16 which beat the consensus $-0.08 projection (positive surprise of300%. For the quarter, revenue came in at 7.39B versus consensus estimate of 8.03B. The stock gained 5.63 percent the session following the earnings reports were released, and on 7th day price change was 0.65 percent.
On July 27, 2016, it reported earnings at $-0.28 a share compared with the consensus estimate of $-0.25 per share (negative surprise of -12%). Revenue of 5.86B for that quarter was below the $6.32B analysts had expected. The stock climbed 1.66% the day following the earnings announcement, and on 7th day price change was 0.58%.
On April 27, 2016, it recorded $-0.24 a share in earnings which missed the consensus estimate of $-0.17 (negative surprise of -41.18%). Revenue for the quarter was $5.58B while analysts called for revenues to be $6.1B. The stock dropped -0.46% the day following the earnings data was made public, and on 7th day price change was -4.55%.
On February 3, 2016, it announced earnings per share at $0.02 versus the consensus estimate of $0.13 per share (negative surprise of -84.62%). That came on revenues of $6.59B for that period. Analysts had expected $7.49B in revenue.
Suncor Energy Inc. Earnings Estimates
As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.41. The analysts’ present consensus range is $0.28-$0.62 for EPS. The market consensus range for revenue is between $7.69B and $9.63B, with an average of $8.8B.