Cenovus Energy Q3 GAAP EPS $0.72 Beats $0.71 Estimate, Sales $10.87B Miss $11.27B Estimate
Portfolio Pulse from Benzinga Newsdesk
Cenovus Energy (NYSE:CVE) reported Q3 earnings of $0.72 per share, beating the analyst consensus estimate of $0.71 by 1.41%. This is a 16.13% increase from the same period last year. The company also reported quarterly sales of $12.90 billion, beating the analyst consensus estimate of $11.27 billion by 14.46%, despite a 3.85% decrease from the same period last year.
November 02, 2023 | 10:17 am
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POSITIVE IMPACT
Cenovus Energy's Q3 earnings and sales beat analyst estimates, indicating a strong financial performance despite a slight decrease in sales compared to last year.
Cenovus Energy's earnings beat analyst estimates, which is a positive signal for the company's financial performance. This could lead to increased investor confidence and potentially a short-term increase in the stock price. However, the slight decrease in sales compared to last year might temper this positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100