Suncor Energy Future Growth

Future criteria checks 0/6

Suncor Energy's revenue and earnings are forecast to decline at 1% and 7.6% per annum respectively. EPS is expected to decline by 3.8% per annum. Return on equity is forecast to be 13.1% in 3 years.

Key information

-7.6%

Earnings growth rate

-3.8%

EPS growth rate

Oil and Gas earnings growth	6.9%
Revenue growth rate	-1.0%
Future return on equity	13.1%
Analyst coverage	Good
Last updated	31 May 2024

Recent future growth updates

Recent updates

Here's Why Suncor Energy (TSE:SU) Can Manage Its Debt Responsibly

May 05

Suncor Energy Inc.'s (TSE:SU) Earnings Are Not Doing Enough For Some Investors

Apr 18

Suncor Energy's (TSE:SU) Sluggish Earnings Might Be Just The Beginning Of Its Problems

Mar 29

Suncor Energy Inc. (TSE:SU) Shares Could Be 37% Below Their Intrinsic Value Estimate

Nov 03

These 4 Measures Indicate That Suncor Energy (TSE:SU) Is Using Debt Reasonably Well

Sep 16

Is There An Opportunity With Suncor Energy Inc.'s (TSE:SU) 40% Undervaluation?

Aug 02

These 4 Measures Indicate That Suncor Energy (TSE:SU) Is Using Debt Reasonably Well

Jun 16

We Ran A Stock Scan For Earnings Growth And Suncor Energy (TSE:SU) Passed With Ease

May 17

Earnings and Revenue Growth Forecasts

TSX:SU - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	48,809	6,148	7,273	13,854	5
12/31/2025	51,763	6,802	7,375	13,438	9
12/31/2024	51,243	7,078	6,897	13,435	9
3/31/2024	49,559	7,853	7,973	14,092	N/A
12/31/2023	49,092	8,295	6,408	12,344	N/A
9/30/2023	50,202	8,216	6,224	11,950	N/A
6/30/2023	52,497	6,063	6,649	12,215	N/A
3/31/2023	56,913	8,180	8,429	13,647	N/A
12/31/2022	58,336	9,077	10,560	15,680	N/A
9/30/2022	55,565	7,889	9,409	14,371	N/A
6/30/2022	50,766	9,375	9,874	14,640	N/A
3/31/2022	43,790	6,247	7,709	12,491	N/A
12/31/2021	39,132	4,119	7,209	11,764	N/A
9/30/2021	34,598	2,398	5,625	9,963	N/A
6/30/2021	30,880	1,509	2,432	6,490	N/A
3/31/2021	25,950	27	227	3,636	N/A
12/31/2020	24,662	-4,319	-1,251	2,675	N/A
9/30/2020	27,534	-6,486	-569	4,165	N/A
6/30/2020	30,910	-5,439	747	6,056	N/A
3/31/2020	36,752	-2,096	4,282	10,257	N/A
12/31/2019	38,344	2,899	4,863	10,421	N/A
9/30/2019	37,418	4,954	6,227	11,157	N/A
6/30/2019	38,462	5,731	7,771	12,391	N/A
3/31/2019	38,718	3,974	6,386	11,404	N/A
12/31/2018	38,542	3,293	5,174	10,580	N/A
9/30/2018	38,954	4,955	4,415	10,295	N/A
6/30/2018	36,070	4,432	2,468	8,837	N/A
3/31/2018	32,974	3,895	1,600	8,062	N/A
12/31/2017	31,954	4,458	N/A	8,966	N/A
9/30/2017	30,821	3,607	N/A	9,002	N/A
6/30/2017	30,267	2,710	N/A	8,069	N/A
3/31/2017	28,950	1,540	N/A	7,260	N/A
12/31/2016	26,807	434	N/A	5,680	N/A
9/30/2016	25,466	-2,104	N/A	4,332	N/A
6/30/2016	25,542	-2,872	N/A	5,124	N/A
3/31/2016	27,723	-1,408	N/A	6,056	N/A
12/31/2015	29,208	-1,995	N/A	6,884	N/A
9/30/2015	31,608	96	N/A	7,456	N/A
6/30/2015	34,298	1,391	N/A	7,590	N/A
3/31/2015	36,649	873	N/A	8,079	N/A
12/31/2014	39,862	2,699	N/A	8,936	N/A
9/30/2014	40,777	3,058	N/A	9,257	N/A
6/30/2014	40,890	3,833	N/A	8,872	N/A
3/31/2014	40,092	4,302	N/A	9,259	N/A
12/31/2013	39,593	3,911	N/A	10,100	N/A
9/30/2013	39,175	2,894	N/A	8,940	N/A
6/30/2013	38,375	2,744	N/A	8,803	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SU's earnings are forecast to decline over the next 3 years (-7.6% per year).

Earnings vs Market: SU's earnings are forecast to decline over the next 3 years (-7.6% per year).

High Growth Earnings: SU's earnings are forecast to decline over the next 3 years.

Revenue vs Market: SU's revenue is expected to decline over the next 3 years (-1% per year).

High Growth Revenue: SU's revenue is forecast to decline over the next 3 years (-1% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SU's Return on Equity is forecast to be low in 3 years time (13.1%).

Suncor Energy Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 35%

Consensus EPS estimates fall by 15%

Consensus revenue estimates increase by 12%

Consensus EPS estimates fall by 19%

Consensus EPS estimates fall by 17%

Consensus EPS estimates increase by 23%

Recent updates

Upcoming dividend of CA$0.55 per share

First quarter dividend of CA$0.55 announced

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Here's Why Suncor Energy (TSE:SU) Can Manage Its Debt Responsibly

Now 21% undervalued

Suncor Energy Inc. to Report Q1, 2024 Results on May 07, 2024

Suncor Energy Inc.'s (TSE:SU) Earnings Are Not Doing Enough For Some Investors

Suncor Energy's (TSE:SU) Sluggish Earnings Might Be Just The Beginning Of Its Problems

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Suncor Energy's (TSE:SU) Returns On Capital Are Heading Higher

Fourth quarter dividend of CA$0.55 announced

Consensus EPS estimates increase by 35%

New minor risk - Earnings quality

Suncor Energy Inc., Annual General Meeting, May 07, 2024

Does Suncor Energy (TSE:SU) Have A Healthy Balance Sheet?

Why Investors Shouldn't Be Surprised By Suncor Energy Inc.'s (TSE:SU) Low P/E

Suncor Energy Inc. to Report Q4, 2023 Results on Feb 21, 2024

Here's Why We Think Suncor Energy (TSE:SU) Is Well Worth Watching

Returns Are Gaining Momentum At Suncor Energy (TSE:SU)

Suncor Appoints Kent Ferguson as Senior Vice President, Strategy, Sustainability and Corporate Development, Effective January 2024

Upcoming dividend of CA$0.55 per share at 4.8% yield

Suncor Energy Inc. (TSX:SU) completed the acquisition of Total E&P Canada Ltd. from TotalEnergies SE (ENXTPA:TTE).

Suncor Energy (TSE:SU) Will Pay A Larger Dividend Than Last Year At CA$0.545

Suncor Energy Inc. Approves Quarterly Dividend, Payable December 22, 2023

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Suncor Energy Inc. (TSE:SU) Shares Could Be 37% Below Their Intrinsic Value Estimate

Suncor Energy Inc. to Report Q3, 2023 Results on Nov 08, 2023

These 4 Measures Indicate That Suncor Energy (TSE:SU) Is Using Debt Reasonably Well

Suncor Energy Inc. Appoints Jane Peverett to the Board Effective September 1, 2023

Upcoming dividend of CA$0.52 per share at 4.7% yield

New minor risk - Earnings quality

Suncor Continues Talks to Buy TotalEnergies Fort Hills Oil Sands Stake

New minor risk - Profit margin trend

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Is There An Opportunity With Suncor Energy Inc.'s (TSE:SU) 40% Undervaluation?

Consensus EPS estimates fall by 15%

Now 21% undervalued after recent price drop

These 4 Measures Indicate That Suncor Energy (TSE:SU) Is Using Debt Reasonably Well

Suncor Appoints Dave Oldreive as Executive Vice President, Downstream

Suncor Energy Inc. to Report Q2, 2023 Results on Aug 01, 2023

Upcoming dividend of CA$0.52 per share at 5.4% yield

Key Executive exercised options and sold CA$1.9m worth of stock

Chief Sustainability Officer recently bought CA$386k worth of stock

We Ran A Stock Scan For Earnings Growth And Suncor Energy (TSE:SU) Passed With Ease

Consensus revenue estimates increase by 12%

Suncor Energy Inc. Approves Quarterly Dividend, Payable on June 26, 2023

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Now 21% undervalued after recent price drop

Consensus EPS estimates fall by 19%

Consensus EPS estimates fall by 17%

Upcoming dividend of CA$0.52 per share at 4.7% yield

Consensus EPS estimates increase by 23%

Suncor Energy Approves Quarterly Dividend on its Common Shares, Payable March 24, 2023

Full year 2022 earnings: EPS exceeds analyst expectations

Suncor Energy Inc. Updates Production Guidance for 2023

Suncor Energy Inc., Annual General Meeting, May 09, 2023

Suncor Energy Inc. (TSX:SU) completed the acquisition of an additional 14.65% equity stake in Fort Hills Energy Limited Partnership from Teck Resources Limited (TSX:TECK.B) for approximately CAD 690 million.

Canadian Utilities Limited (TSX:CU) acquired Portfolio of Wind and Solar Assets and Projects Located in Alberta and Ontario from Suncor Energy Inc. (TSX:SU) for approximately CAD 710 million.

Suncor Energy Inc. to Report Q4, 2022 Results on Feb 14, 2023

Suncor Energy Inc. Provides Production Guidance for the Year 2023

Upcoming dividend of CA$0.52 per share

Suncor Energy Increases Quarterly Dividend, Payable on December 23, 2022

Chief People Officer exercised options and sold CA$381k worth of stock

Consensus forecasts updated

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Suncor Energy Inc. (TSX:SU) agreed to acquire additional 21.3% equity stake in Fort Hills Energy Limited Partnership from Teck Resources Limited (TSX:TECK.B) for approximately CAD 1 billion.

Suncor Energy Inc. (TSX:SU) agreed to acquire additional 21.3% equity stake in Fort Hills Energy Limited Partnership from Teck Resources Limited (TSX:TECK.B) for approximately CAD 1 billion.

Canadian Utilities Limited (TSX:CU) entered into a definitive agreement to acquire a Portfolio of Wind and Solar Assets and Projects Located in Alberta and Ontario of Suncor Energy Inc. (TSX:SU) for approximately $730 million.

Investor sentiment improved over the past week