Cenovus Energy Incorporation reports results for the quarter ended September 30 - Earnings Summary

• Cenovus Energy Incorporation CVE.TO reported quarterly adjusted earnings of C$1.83​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 72 cents. The mean expectation of six analysts for the quarter was for earnings of C$1.69 per share. Wall Street expected results to range from C$1.55 to C$1.79 per share.

• Revenue rose 21.1% to C$15.98 billion from a year ago; analysts expected C$16.68 billion.

• Cenovus Energy Incorporation's reported EPS for the quarter was C$1.83​.

• The company reported quarterly net income of C$3.36 billion.

• Cenovus Energy Incorporation shares had fallen by 1.1% this quarter and gained 81.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 24.7% 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 11 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

This summary was machine generated from LSEG data November 4 at 02:31 p.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)