Preview: Cenovus Energy's Earnings
Portfolio Pulse from Benzinga Insights
Cenovus Energy (NYSE:CVE) is scheduled to release its quarterly earnings report on February 15, 2024, with analysts predicting an EPS of $0.25. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter's EPS beat leading to a 2.0% drop in share price. Shares are currently trading at $16.22, down 11.7% over the last year. Investors are looking for positive guidance for the next quarter.
February 14, 2024 | 2:01 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Cenovus Energy is expected to report an EPS of $0.25 for the upcoming quarter. Historical data shows its stock price reacts variably to earnings reports. Currently, shares are down 11.7% over the past year.
The expected EPS of $0.25 sets a cautious tone for investors, given CVE's history of mixed reactions to earnings reports. The recent downtrend in stock price (-11.7% over the past year) may set a low expectation among investors, potentially limiting the downside risk. However, the emphasis on future guidance indicates that positive forecasts could positively influence the stock in the short term. The score is neutral due to the unpredictable nature of past stock reactions to earnings reports.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100