For the quarter ended June 2026, Cenovus Energy (CVE) reported revenue of $12.59 billion, up 41.4% over the same period last year. EPS came in at $1.11, compared to $0.33 in the year-ago quarter.
The reported revenue represents a surprise of +31.61% over the Zacks Consensus Estimate of $9.57 billion. With the consensus EPS estimate being $1.11, the company has not delivered EPS surprise.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Cenovus performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Upstream - Total Conventional Natural Gas Production: 809.8 millions of cubic feet compared to the 835.45 millions of cubic feet average estimate based on three analysts. Total Upstream Production: 970.4 millions of barrels of oil equivalent versus the three-analyst average estimate of 961.95 millions of barrels of oil equivalent. Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production - Christina Lake: 372.1 millions of barrels of oil compared to the 372.28 millions of barrels of oil average estimate based on two analysts. Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production - Sunrise: 65.7 millions of barrels of oil versus 64.18 millions of barrels of oil estimated by two analysts on average. Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production - Lloydminster Therma: 103.1 millions of barrels of oil versus the two-analyst average estimate of 100.68 millions of barrels of oil. Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production - Lloydminster Conventional Heavy Oil: 28.4 millions of barrels of oil versus 28.28 millions of barrels of oil estimated by two analysts on average. Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production: 783.8 millions of barrels of oil versus the two-analyst average estimate of 772.01 millions of barrels of oil. Upstream - Total Conventional Natural Gas Production - Oil Sands: 15.6 millions of cubic feet versus 14.4 millions of cubic feet estimated by two analysts on average. Downstream - Total Canadian Refining - Heavy Crude Oil Unit Throughput: 101.7 millions of barrels of oil compared to the 102.06 millions of barrels of oil average estimate based on two analysts. Downstream - Total U.S. Refining - Crude Oil Unit Throughput: 349.8 millions of barrels of oil compared to the 346.66 millions of barrels of oil average estimate based on two analysts. Downstream Crude Oil Throughput per day - Total Throughput: 451.50 KBbls compared to the 456.02 KBbls average estimate based on two analysts. Upstream(Oil Sands) -Production Volumes per day: 786.40 Kboe versus the two-analyst average estimate of 774.41 Kboe.View all Key Company Metrics for Cenovus here>>>
Shares of Cenovus have returned +11.5% over the past month versus the Zacks S&P 500 composite's +1.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Cenovus Energy Inc (CVE): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).