Recap: Cenovus Energy Q3 Earnings

Recap: Cenovus Energy Q3 Earnings

Cenovus Energy CVE reported its Q3 earnings results on Wednesday, November 2, 2022 at 06:00 AM.

Here's what investors need to know about the announcement.

Earnings

Cenovus Energy missed estimated earnings by 30.34%, reporting an EPS of $0.62 versus an estimate of $0.89.

Revenue was up $3.33 billion from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.11 which was followed by a 0.47% drop in the share price the next day.

Here's a look at Cenovus Energy's past performance:

 

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate 0.82 0.56 0.39 0.35
EPS Actual 0.93 0.62 0.45 0.21
Revenue Estimate 11.58B 11.83B 11.25B 9.35B
Revenue Actual 15.02B 12.78B 10.89B 10.09B

To track all earnings releases for Cenovus Energy visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarnings