Sneak Preview of Suncor Energy Inc. (SU) 2Q20 Earnings

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Suncor Energy Inc. (NYSE:SU) is expected to report second quarter earnings results, after market close, on Wednesday 22nd July 2020.

Previous Quarter Performance

Suncor Energy Inc. unwinded loss for the first quarter of $ 0.15 per share, from the revenue of $ 5,786.00 million. Wall street analysts are predicting, SU to report 1Q20 income of $ 0.50 per share from revenue of $ 7,540.00 million. The bottom line results missed street analysts by $ 0.65 or 130 percent, at the same time, top line results fell short of analysts by $ 1 million or 23.26 percent.

Historical Earnings Performance
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Click Here For More Historical Earnings Of Suncor Energy Inc.

Stock Performance

According to the previous trading day, closing price of SU was $ 18.18, representing a 89.18 % increase from the 52 week low of $ 9.61 and a 47.4 % decrease over the 52 week high of $ 34.56.

The company has a market capital of $ 27.60 billion and is part of the Energy sector and Oil & Gas Integrated industry.

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Recent Stock Dividend Announcement

On May 5, 2020, the board of directors authorized quarterly dividend of $ 0.21 per share to holders of record as of the close of business on June 4, 2020, with payment date of June 25, 2020 and ex-dividend date on June 3, 2020.

Suncor Energy Inc. operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canadas Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.