Cenovus Energy Q2 EPS CA$0.53 Misses CA$0.67 Estimate, Sales CA$14.90B Beat CA$13.49B Estimate
Portfolio Pulse from totan@benzinga.com
Cenovus Energy reported Q2 earnings per share of CA$0.53, missing the analyst estimate of CA$0.67, but sales of CA$14.90 billion beat the estimate of CA$13.49 billion. EPS increased by 20.45% year-over-year, and sales increased by 21.82% year-over-year.
August 01, 2024 | 10:11 am
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Cenovus Energy's Q2 EPS of CA$0.53 missed the analyst estimate of CA$0.67, but sales of CA$14.90 billion beat the estimate of CA$13.49 billion. EPS increased by 20.45% year-over-year, and sales increased by 21.82% year-over-year.
The mixed results, with EPS missing estimates but sales beating expectations, create a neutral short-term outlook. The significant year-over-year growth in both EPS and sales is positive, but the EPS miss may weigh on investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100