Cenovus Energy (CVE) Lags Q2 Earnings Estimates

Cenovus Energy (CVE) came out with quarterly earnings of $0.39 per share, missing the Zacks Consensus Estimate of$ 0.52 per share. This compares to earnings of $0.33 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -25%. A quarter ago, it was expected that this oil company would post earnings of$ 0.35 per share when it actually produced earnings of $0.46, delivering a surprise of 31.43%. Over the last four quarters, the compan ...