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Suncor Energy (SU) Stock Moves 1.44%: What You Should Know

Suncor Energy (SU) closed at $32.31 in the latest trading session, marking a +1.44% move from the prior day. Elsewhere, the Dow gained 0.29%, while the tech-heavy Nasdaq added 1.92%.

Coming into today, shares of the energy company had lost 0.19% in the past month. In that same time, the Oils-Energy sector gained 2.17%, while the S&P 500 gained 6.51%.

Wall Street will be looking for positivity from Suncor Energy as it approaches its next earnings report date. The company is expected to report EPS of $0.96, down 36.84% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $8.22 billion, down 22.81% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of $4.03 per share and revenue of $33.15 billion, which would represent changes of -37.23% and -26.49%, respectively, from the prior year.

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Any recent changes to analyst estimates for Suncor Energy should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Suncor Energy is currently a Zacks Rank #3 (Hold).

Looking at its valuation, Suncor Energy is holding a Forward P/E ratio of 7.91. For comparison, its industry has an average Forward P/E of 8.95, which means Suncor Energy is trading at a discount to the group.

Also, we should mention that SU has a PEG ratio of 0.66. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. SU's industry had an average PEG ratio of 0.5 as of yesterday's close.

The Oil and Gas - Integrated - Canadian industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 103, which puts it in the top 41% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

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Suncor Energy Inc. (SU) : Free Stock Analysis Report

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