Suncor Energy Goes Red

Suncor Energy (TSX: SU) reported earnings on Feb. 6. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Suncor Energy missed estimates on revenues and whiffed on earnings per share.

Compared to the prior-year quarter, revenue shrank and GAAP earnings per share shrank to a loss.

Margins dropped across the board.

Revenue details
Suncor Energy booked revenue of $9.57 billion. The seven analysts polled by S&P Capital IQ predicted sales of $10.03 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.65. The 17 earnings estimates compiled by S&P Capital IQ predicted $0.78 per share. GAAP EPS were -$0.37 for Q4 against $0.90 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 50.2%, 240 basis points worse than the prior-year quarter. Operating margin was 10.5%, 690 basis points worse than the prior-year quarter. Net margin was -6.0%, 2,020 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $10.21 billion. On the bottom line, the average EPS estimate is $0.73.

Next year's average estimate for revenue is $41.86 billion. The average EPS estimate is $3.13.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,616 members out of 1,680 rating the stock outperform, and 64 members rating it underperform. Among 347 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 335 give Suncor Energy a green thumbs-up, and 12 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Suncor Energy is outperform, with an average price target of $43.65.

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