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Bullboard - Stock Discussion Forum Suncor Energy Inc. T.SU

Alternate Symbol(s):  SU

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading, offshore oil and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks... see more

TSX:SU - Post Discussion

Suncor Energy Inc. > Is this an earnings beat?
View:
Post by Just1Question on Oct 28, 2020 7:16pm

Is this an earnings beat?

ONLY 1 Cent per share loss is technically an earnings beat depending on which analyst you were following,  Some predicted a loss of 7 to 12 cents per share.
Comment by MarketMaster202 on Oct 28, 2020 7:23pm
it was .20 cents for Q3. You clearly can't read. Disaster results but better then Q2.  
Comment by Just1Question on Oct 28, 2020 7:43pm
News Source The Calgary, Alberta-based company said it had a loss of 1 cent per share. Earnings, adjusted for non-recurring costs, were 15 cents per share. The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
Comment by Cornel2020 on Oct 28, 2020 7:25pm
I hope you're right and the P/S goes up tomorrow. $15 per share is not good at all!
Comment by shareswapper on Oct 28, 2020 9:44pm
Darn right it was a "beat".  This company managed a Ton of structural, maintenance and cost savings in Q3 and still paid the dividend.  When the spigots open in December we gonna fly.  Same can be said about the Economy when Vaccines hit in mid December.  Won't stay at these levels and expecting an uptick tomorrow, the market is forward looking ....
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