Cenovus Energy closed the most recent trading day at $33.92, up 1.95% from the previous session and ahead of the S&P 500's daily loss of 0.45%. Over the past month the oil company's shares have gained 3.55%, outpacing the Oils-Energy sector's 2% gain and the S&P 500's 1.99% loss. For its upcoming earnings release, analysts expect Cenovus Energy to post earnings of $1.07 per share, a year-over-year increase of 105.77%, on revenue of $11.62 billion, up 21.25% from the same quarter last year. For the full year, the Zacks Consensus Estimates project earnings of $3.57 per share and revenue of $42.35 billion, representing changes of +131.82% and +19.1% respectively from the prior year. The consensus EPS projection has moved 11.34% higher over the past 30 days, and Cenovus Energy currently carries a Zacks Rank of #3 (Hold) with a Forward P/E ratio of 9.33, a discount to its industry's average Forward P/E of 10.56.
Cenovus Energy IncAnalysts lifted the consensus EPS estimate 11.34% over the past 30 days, with strong expected earnings and revenue growth for Cenovus.
