Suncor Energy (SU) Outpaces Stock Market Gains: What You Should Know

This story originally appeared on Zacks

Suncor Strength (SU) shut the most latest buying and selling day at $20.22, going +.25% from the prior investing session. The stock outpaced the S&P 500’s day-to-day attain of .15%.

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Heading into right now, shares of the electricity organization experienced gained 8.09% about the previous thirty day period, outpacing the Oils-Energy sector’s acquire of 7.33% and the S&P 500’s decline of .58% in that time.

Investors will be hoping for energy from SU as it approaches its subsequent earnings release. In that report, analysts anticipate SU to post earnings of $.55 per share. This would mark calendar year-above-yr growth of 266.67%. Meanwhile, our newest consensus estimate is contacting for earnings of $8.95 billion, up 84.74% from the prior-calendar year quarter.

SU’s complete-12 months Zacks Consensus Estimates are calling for earnings of $1.89 for every share and income of $32.15 billion. These effects would represent 12 months-in excess of-year changes of +271.82% and +71.47%, respectively.

Traders may also detect latest adjustments to analyst estimates for SU. These recent revisions are likely to mirror the evolving mother nature of limited-time period company developments. As a outcome, we can interpret positive estimate revisions as a great indicator for the company’s business enterprise outlook.

Exploration suggests that these estimate revisions are specifically correlated with close to-phrase share price momentum. We created the Zacks Rank to capitalize on this phenomenon. Our program usually takes these estimate modifications into account and delivers a crystal clear, actionable score design.

Ranging from #1 (Powerful Invest in) to #5 (Robust Sell), the Zacks Rank system has a established, outside-audited track report of outperformance, with #1 shares returning an regular of +25% yearly considering that 1988. The Zacks Consensus EPS estimate has moved 5.5% reduce within just the past month. SU is holding a Zacks Rank of #3 (Hold) correct now.

On the lookout at its valuation, SU is keeping a Forward P/E ratio of 10.67. For comparison, its field has an common Forward P/E of 11.25, which signifies SU is trading at a price reduction to the team.

Buyers need to also note that SU has a PEG ratio of 3.56 appropriate now. This common metric is identical to the greatly-recognized P/E ratio, with the difference remaining that the PEG ratio also can take into account the firm’s anticipated earnings development fee. The Oil and Fuel – Built-in – Canadian market presently experienced an common PEG ratio of 3.56 as of yesterday’s close.

The Oil and Gas – Integrated – Canadian marketplace is section of the Oils-Electrical power sector. This market at this time has a Zacks Business Rank of 23, which puts it in the top rated 10% of all 250+ industries.

The Zacks Business Rank features is mentioned in purchase from best to worst in conditions of the ordinary Zacks Rank of the particular person businesses inside every of these sectors. Our investigation exhibits that the top 50% rated industries outperform the base 50 percent by a issue of 2 to 1.

You can uncover more information and facts on all of these metrics, and considerably additional, on Zacks.com.

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