Suncor Energy (SU) Set to Announce Quarterly Earnings on Wednesday

Suncor Energy (NYSE:SU) (TSE:SU) is scheduled to be releasing its earnings data before the market opens on Wednesday, May 1st. Analysts expect Suncor Energy to post earnings of $0.39 per share for the quarter.

Suncor Energy (NYSE:SU) (TSE:SU) last released its earnings results on Tuesday, February 5th. The oil and gas producer reported $0.27 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.11). Suncor Energy had a return on equity of 9.50% and a net margin of 8.48%. The business had revenue of $6.77 billion for the quarter, compared to analyst estimates of $8.13 billion. On average, analysts expect Suncor Energy to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

NYSE SU opened at $32.97 on Monday. Suncor Energy has a one year low of $25.81 and a one year high of $42.55. The company has a market cap of $52.26 billion, a P/E ratio of 16.49, a price-to-earnings-growth ratio of 2.05 and a beta of 1.16. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 0.32.

Several research firms recently commented on SU. Mizuho reaffirmed an “average” rating and set a $52.00 target price on shares of Suncor Energy in a research note on Monday, April 22nd. Credit Suisse Group raised Suncor Energy from a “neutral” rating to an “outperform” rating in a research note on Thursday, March 14th. Macquarie raised Suncor Energy from a “neutral” rating to an “outperform” rating and set a $33.30 target price for the company in a research note on Thursday, February 7th. GMP Securities reaffirmed a “hold” rating and set a $47.00 target price on shares of Suncor Energy in a research note on Thursday, February 7th. Finally, TheStreet cut Suncor Energy from a “b-” rating to a “c+” rating in a research note on Monday, February 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $49.93.

COPYRIGHT VIOLATION WARNING: “Suncor Energy (SU) Set to Announce Quarterly Earnings on Wednesday” was first reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://sportsperspectives.com/2019/04/29/suncor-energy-su-set-to-announce-quarterly-earnings-on-wednesday.html.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.

See Also: What does the Dow Jones Industrial Average (DJIA) measure?

Earnings History for Suncor Energy (NYSE:SU)

Receive News & Ratings for Suncor Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy and related companies with MarketBeat.com's FREE daily email newsletter.