Cenovus Energy (CVE) Beats Q1 Earnings Estimates

Cenovus Energy (CVE) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of$ 0.35 per share. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 31.43%. A quarter ago, it was expected that this oil company would post earnings of$ 0.25 per share when it actually produced earnings of $0.29, delivering a surprise of 16%.Over the last four quarters, the company h ...