In the latest trading session, Cenovus Energy (CVE) closed at $14.63, marking a +2.24% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.78%. Elsewhere, the Dow saw an upswing of 1.14%, while the tech-heavy Nasdaq appreciated by 0.61%.
Heading into today, shares of the oil company had gained 4.38% over the past month, outpacing the Oils-Energy sector's loss of 3.19% and lagging the S&P 500's gain of 5.88%.
Investors will be eagerly watching for the performance of Cenovus Energy in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 31, 2025. The company is expected to report EPS of $0.2, down 48.72% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $9.13 billion, down 16.05% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.02 per share and a revenue of $36.02 billion, signifying shifts of -16.39% and -9.17%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Cenovus Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.84% higher. Cenovus Energy is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Cenovus Energy is holding a Forward P/E ratio of 14.1. This indicates a discount in contrast to its industry's Forward P/E of 14.55.
The Oil and Gas - Integrated - Canadian industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 93, placing it within the top 38% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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Cenovus Energy Inc (CVE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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