Suncor Energy Goes Red

Seth Jayson, The Motley Fool
Updated

Suncor Energy (TSX: SU) reported earnings on Feb. 6. 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 whiffed on earnings per share.

Compared to the prior-year quarter, revenue shrank and GAAP earnings per share shrank to a loss.


Margins dropped across the board.

Revenue details
 Suncor Energy booked revenue of $9.57 billion. The seven analysts polled by S&P Capital IQ predicted sales of $10.03 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.65. The 17 earnings estimates compiled by S&P Capital IQ predicted $0.78 per share. GAAP EPS were -$0.37 for Q4 against $0.90 per share for the prior-year quarter.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 50.2%, 240 basis points worse than the prior-year quarter. Operating margin was 10.5%, 690 basis points worse than the prior-year quarter. Net margin was -6.0%, 2,020 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $10.21 billion. On the bottom line, the average EPS estimate is $0.73.

Next year's average estimate for revenue is $41.86 billion. The average EPS estimate is $3.13.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,616 members out of 1,680 rating the stock outperform, and 64 members rating it underperform. Among 347 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 335 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 $43.65.

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The article Suncor Energy Goes Red originally appeared on Fool.com.

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. The Motley Fool has no position in any of the stocks mentioned. 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.

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