Cenovus Energy Q2 EPS $0.39 Misses $0.52 Estimate, Sales $10.89B Beat $10.56B Estimate
Portfolio Pulse from totan@benzinga.com
Cenovus Energy (NYSE:CVE) reported Q2 earnings per share of $0.39, missing the analyst estimate of $0.52 by 25%. However, the company reported sales of $10.89 billion, beating the estimate of $10.56 billion by 3.13%.
August 01, 2024 | 10:21 am
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Cenovus Energy's Q2 earnings per share missed analyst estimates by 25%, but sales exceeded expectations by 3.13%.
The mixed results, with EPS missing but sales beating estimates, may lead to a neutral short-term impact on CVE's stock price. Investors may weigh the earnings miss against the positive sales performance.
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