Suncor Energy Increases Sales but Misses Revenue Estimate
Suncor Energy (NYS: SU) reported earnings on Feb. 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Suncor Energy missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue improved slightly and GAAP earnings per share improved.
Gross margins grew, operating margins expanded, net margins contracted.
Suncor Energy recorded revenue of $9.97 billion. The six analysts polled by S&P Capital IQ predicted a top line of $10.99 billion. Sales were 4.1% higher than the prior-year quarter's $9.84 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $0.90. The eight earnings estimates compiled by S&P Capital IQ predicted $0.90 per share. GAAP EPS of $0.90 for Q4 were 3.4% higher than the prior-year quarter's $0.87 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 52.8%, 320 basis points better than the prior-year quarter. Operating margin was 19.5%, 110 basis points better than the prior-year quarter. Net margin was 14.2%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $10.82 billion. On the bottom line, the average EPS estimate is $0.86.
Next year's average estimate for revenue is $43.31 billion. The average EPS estimate is $3.37.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,613 members out of 1,676 rating the stock outperform, and 63 members rating it underperform. Among 417 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 405 give Suncor Energy a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Suncor Energy is outperform, with an average price target of $42.41.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.