Cenovus Energy outperforms market with 1.12% increase in stock price, analysts project positive EPS growth

From Nasdaq: 2024-05-31 18:15:07

Cenovus Energy (CVE) closed at $20.82, a +1.12% increase from the previous day, outperforming the S&P 500. Prior to this, shares had gained 0.1% in the last month, surpassing the Oils-Energy sector loss and underperforming the S&P 500. Analysts project an EPS of $0.58 and revenue of $9.94 billion.

Market participants anticipate Cenovus Energy’s upcoming financial results, expecting EPS growth of 75.76% and revenue increase of 9.2% compared to the previous year. The Zacks Consensus Estimates project full-year earnings of $2.05 per share and revenue of $37.2 billion. Cenovus Energy currently holds a Zacks Rank of #3 (Hold).

Investors should note the Forward P/E ratio of 10.06 for Cenovus Energy, below the industry average of 11.06. The Oil and Gas – Integrated – Canadian industry, part of the Oils-Energy sector, has a Zacks Industry Rank of 101. Top rated industries tend to outperform the bottom half by 2 to 1, providing valuable insights for investors.



Read more at Nasdaq: Cenovus Energy (CVE) Outpaces Stock Market Gains: What You Should Know