Suncor Energy (TSX: SU) reported earnings on Oct. 31. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Suncor Energy missed estimates on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share grew significantly.
Gross margins increased, operating margins shrank, net margins grew.
Suncor Energy reported revenue of $9.75 billion. The seven analysts polled by S&P Capital IQ looked for sales of $9.95 billion on the same basis. GAAP reported sales were 3.5% lower than the prior-year quarter's $10.10 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.03. The 13 earnings estimates compiled by S&P Capital IQ averaged $0.78 per share. GAAP EPS of $1.03 for Q3 were 41% higher than the prior-year quarter's $0.73 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 55.1%, 720 basis points better than the prior-year quarter. Operating margin was 20.9%, 240 basis points worse than the prior-year quarter. Net margin was 16.2%, 390 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $10.87 billion. On the bottom line, the average EPS estimate is $0.80.
Next year's average estimate for revenue is $40.60 billion. The average EPS estimate is $3.21.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,622 members out of 1,687 rating the stock outperform, and 65 members rating it underperform. Among 332 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 321 give Suncor Energy a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Suncor Energy is outperform, with an average price target of $42.37.
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