Cenovus Energy (CVE) Q4 Earnings and Revenues Lag Estimates

Group 1: Earnings Performance - Cenovus Energy reported quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of$ 0.18 per share, and down from $0.29 per share a year ago, representing an earnings surprise of -72.22% [1] - The company posted revenues of$ 8.4 billion for the quarter ended December 2024, missing the Zacks Consensus Estimate by 15.98%, compared to year-ago revenues of $9.65 billion [2] - Over the last four quarters, Cenovus has surpassed consensus EPS estimates only once [2] Group 2: Stock Performance and Outlook - Cenovus shares have increased by approximately 3.2% since the beginning of the year, while the S&P 500 has gained 4.5% [3] - The company's earnings outlook, including current consensus earnings expectations for upcoming quarters, will be crucial for investors [4] - The current consensus EPS estimate for the coming quarter is$ 0.33 on revenues of $9.66 billion, and for the current fiscal year, it is$ 1.49 on revenues of $38.36 billion [7] Group 3: Industry Context - The Oil and Gas - Integrated - Canadian industry, to which Cenovus belongs, is currently in the top 22% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5] - The current estimate revisions trend for Cenovus is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6]