Earnings Preview: Suncor Energy
Portfolio Pulse from Benzinga Insights
Suncor Energy (NYSE:SU) is scheduled to release its quarterly earnings report on February 21, 2024, with analysts expecting an EPS of $1.06. Historical data shows that Suncor's stock price reacts more significantly to guidance than to earnings beats or misses. Last quarter, Suncor beat the EPS estimate by $0.23, leading to a 3.57% increase in its share price. Over the last year, SU shares have increased by 1.07%, trading at $33.07 as of February 19.

February 20, 2024 | 2:01 pm
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Suncor Energy is expected to report an EPS of $1.06 for the upcoming quarter, with historical performance indicating potential stock price movement based on the earnings outcome and future guidance.
Given Suncor Energy's history of stock price movements post-earnings announcements, especially when beating EPS estimates or providing positive guidance, there's a reasonable expectation of a positive short-term impact on SU's stock price if these trends continue. The anticipation of the earnings report, coupled with the company's past performance of exceeding EPS estimates and the stock's positive trajectory over the last year, suggests a likely uptick in stock price, assuming the company meets or exceeds expectations and provides favorable future guidance.
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IMPORTANCE 90
RELEVANCE 100