Cenovus Energy Q2 EPS $0.32 Beats $0.31 Estimate
Portfolio Pulse from Benzinga Newsdesk
Cenovus Energy reported Q2 earnings of $0.32 per share, beating the analyst consensus estimate of $0.31 by 3.23 percent. However, this is a 65.59 percent decrease compared to the same period last year.
July 27, 2023 | 10:05 am
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Cenovus Energy's Q2 earnings beat estimates but are significantly lower than last year's earnings.
While Cenovus Energy beat the analyst consensus estimate, the significant decrease in earnings compared to the same period last year could potentially concern investors. This mixed result makes it difficult to predict the short-term impact on the stock price.
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