Suncor Energy Inc reports results for the quarter ended March 31 - Earnings Summary

• Suncor Energy Inc SU.TO reported quarterly adjusted earnings of C$1.31​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of C$1.41. The mean expectation of nine analysts for the quarter was for earnings of C$1.20 per share. Wall Street expected results to range from 97 cents to C$1.37 per share.

• Revenue fell 0.6% to C$12.45 billion from a year ago; analysts expected C$13.66 billion.

• Suncor Energy Inc's reported EPS for the quarter was C$1.36​.

• The company reported quarterly net income of C$1.69 billion.

• Suncor Energy Inc shares had fallen by 9.9% this quarter and lost 2.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 16.2% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the integrated oil & gas peer group is also "buy"

• Wall Street's median 12-month price target for Suncor Energy Inc is C$59.77

This summary was machine generated from LSEG data May 7 at 12:00 a.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)