Suncor Energy Inc (Canada) reports results for the quarter ended September 30 - Earnings Summary

• Suncor Energy Inc (Canada) SU.TO reported quarterly adjusted earnings of C$3.97​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of C$1.48. The mean expectation of twelve analysts for the quarter was for earnings of C$3.28 per share. Wall Street expected results to range from C$1.95 to C$4.05 per share.

• Revenue rose 34.9% to C$16.93 billion from a year ago; analysts expected C$16.93 billion.

• Suncor Energy Inc (Canada)'s reported EPS for the quarter was C$3.27​.

• The company reported quarterly net income of C$3.81 billion.

• Suncor Energy Inc (Canada) shares had risen by 9.3% this quarter and gained 73.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 18.6% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas refining and marketing peer group is also "buy"

• Wall Street's median 12-month price target for Suncor Energy Inc (Canada) is C$113.00, about 6.7% above its last closing price of C$105.43

This summary was machine generated from LSEG data November 4 at 01:01 a.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)