Cenovus Energy Future Growth

Future criteria checks 0/6

Cenovus Energy's revenue and earnings are forecast to decline at 1.3% and 0.8% per annum respectively. EPS is expected to grow by 12.7% per annum. Return on equity is forecast to be 15.2% in 3 years.

Key information

-0.8%

Earnings growth rate

12.7%

EPS growth rate

Oil and Gas earnings growth	7.7%
Revenue growth rate	-1.3%
Future return on equity	15.2%
Analyst coverage	Low
Last updated	01 Aug 2024

Recent future growth updates

Recent updates

Cenovus Energy Inc. (TSE:CVE) Shares Could Be 46% Below Their Intrinsic Value Estimate

Jul 20

These 4 Measures Indicate That Cenovus Energy (TSE:CVE) Is Using Debt Reasonably Well

Sep 30

Here's Why Cenovus Energy (TSE:CVE) Has Caught The Eye Of Investors

May 01

A Look At The Intrinsic Value Of Cenovus Energy Inc. (TSE:CVE)

Mar 16

Cenovus Energy (TSE:CVE) Seems To Use Debt Rather Sparingly

Feb 13

Cenovus Energy (TSE:CVE) Has A Pretty Healthy Balance Sheet

Oct 11

Earnings and Revenue Growth Forecasts

TSX:CVE - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	55,669	4,508	5,824	10,234	3
12/31/2025	57,725	5,248	5,546	10,379	5
12/31/2024	58,147	4,951	4,937	9,825	4
6/30/2024	55,993	4,747	6,030	10,416	N/A
3/31/2024	53,339	4,613	5,366	9,599	N/A
12/31/2023	52,204	4,073	3,090	7,388	N/A
9/30/2023	53,133	4,114	3,010	7,412	N/A
6/30/2023	56,027	3,859	4,520	8,763	N/A
3/31/2023	62,961	5,426	5,689	9,752	N/A
12/31/2022	66,897	6,415	7,695	11,403	N/A
9/30/2022	66,560	5,224	7,348	10,617	N/A
6/30/2022	61,790	4,166	5,616	8,666	N/A
3/31/2022	53,262	1,958	4,294	7,056	N/A
12/31/2021	46,357	553	3,356	5,919	N/A
9/30/2021	36,380	816	2,007	3,985	N/A
6/30/2021	27,338	80	1,096	2,579	N/A
3/31/2021	18,875	-371	-720	376	N/A
12/31/2020	13,543	-2,379	-586	273	N/A
9/30/2020	14,631	-2,113	-166	763	N/A
6/30/2020	15,708	-1,732	-204	865	N/A
3/31/2020	19,137	287	1,802	2,974	N/A
12/31/2019	20,542	2,194	2,102	3,285	N/A
9/30/2019	19,888	731	1,880	3,030	N/A
6/30/2019	21,009	302	2,330	3,455	N/A
3/31/2019	21,238	-1,892	1,544	2,713	N/A
12/31/2018	20,843	-2,916	777	2,154	N/A
9/30/2018	21,378	-2,342	892	2,569	N/A
6/30/2018	19,907	-1,825	49	1,902	N/A
3/31/2018	18,112	1,143	N/A	2,608	N/A
12/31/2017	17,043	2,268	N/A	3,059	N/A
9/30/2017	15,288	2,835	N/A	2,323	N/A
6/30/2017	13,847	2,505	N/A	2,041	N/A
3/31/2017	12,556	-284	N/A	1,007	N/A
12/31/2016	11,006	-459	N/A	861	N/A
9/30/2016	10,606	-891	N/A	1,019	N/A
6/30/2016	10,934	965	N/A	1,251	N/A
3/31/2016	11,914	1,322	N/A	1,381	N/A
12/31/2015	11,529	914	N/A	1,474	N/A
9/30/2015	14,378	787	N/A	2,020	N/A
6/30/2015	16,075	-660	N/A	2,570	N/A
3/31/2015	17,771	-171	N/A	3,344	N/A
12/31/2014	19,642	744	N/A	3,526	N/A
9/30/2014	20,151	1,158	N/A	3,634	N/A
6/30/2014	20,256	1,174	N/A	3,382	N/A
3/31/2014	19,350	738	N/A	3,101	N/A
12/31/2013	18,657	662	N/A	3,539	N/A
9/30/2013	17,634	603	N/A	3,321	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CVE's earnings are forecast to decline over the next 3 years (-0.8% per year).

Earnings vs Market: CVE's earnings are forecast to decline over the next 3 years (-0.8% per year).

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

Revenue vs Market: CVE's revenue is expected to decline over the next 3 years (-1.3% per year).

High Growth Revenue: CVE's revenue is forecast to decline over the next 3 years (-1.3% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CVE's Return on Equity is forecast to be low in 3 years time (15.2%).

Cenovus Energy Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 17%

Consensus EPS estimates increase by 10%, revenue downgraded

Consensus EPS estimates fall by 12%

Cenovus Energy Inc. Provides Production Guidance for the Year 2024

Cenovus Energy Inc. Provides an Update on Its Conventional Production Operations

Consensus revenue estimates fall by 11%

Recent updates

Dividend of CA$0.18 announced

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Cenovus Energy Inc. Declares Quarterly Dividend, Payable on September 27, 2024

Cenovus Energy Inc. to Report Q2, 2024 Results on Aug 01, 2024

Cenovus Energy Inc. (TSE:CVE) Shares Could Be 46% Below Their Intrinsic Value Estimate

Market Cool On Cenovus Energy Inc.'s (TSE:CVE) Earnings

Executive Chair exercised options and sold CA$10m worth of stock

Upcoming dividend of CA$0.18 per share

New minor risk - Insider selling

Executive VP & Chief Commercial Officer recently sold CA$11m worth of stock

Executive VP & COO exercised options and sold CA$13m worth of stock

Insider recently bought CA$137k worth of stock

Dividend of CA$0.18 announced

President exercised options and sold CA$5.1m worth of stock

Upcoming dividend of CA$0.14 per share

Cenovus Energy Inc. Declares Quarterly Base and Variable Dividend, Payable on June 28, 2024 and May 31, 2024 Respectively

Cenovus Energy Inc. Announces Board Changes

New major risk - Revenue and earnings growth

First quarter 2024 earnings released: EPS: CA$0.62 (vs CA$0.33 in 1Q 2023)

Cenovus Energy Inc. Declares Quarterly Base Dividend, Payable on June 28, 2024

Cenovus Energy Inc. to Report Q1, 2024 Results on May 01, 2024

Is Cenovus Energy (TSE:CVE) Using Too Much Debt?

President recently bought CA$1.5m worth of stock

Executive VP & COO exercised options and sold CA$3.5m worth of stock

Insider exercised options and sold CA$1.0m worth of stock

President recently bought CA$1.2m worth of stock

Upcoming dividend of CA$0.14 per share

Is Cenovus Energy Inc. (TSE:CVE) Trading At A 50% Discount?

Consensus EPS estimates fall by 17%

President recently bought CA$1.2m worth of stock

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Consensus EPS estimates increase by 10%, revenue downgraded

Cenovus Energy Inc. to Report Q4, 2023 Results on Feb 15, 2024

Cenovus Energy Inc., Annual General Meeting, May 01, 2024

Take Care Before Diving Into The Deep End On Cenovus Energy Inc. (TSE:CVE)

Consensus EPS estimates fall by 12%

Here's Why Cenovus Energy (TSE:CVE) Can Manage Its Debt Responsibly

Athabasca Oil Corporation Provides Executive Update for Duvernay Energy Corporation

Cenovus Energy Inc. Provides Production Guidance for the Year 2024

Upcoming dividend of CA$0.14 per share at 2.5% yield

Are Investors Undervaluing Cenovus Energy Inc. (TSE:CVE) By 35%?

Third quarter 2023 earnings: EPS in line with expectations, revenues disappoint

Cenovus Energy Inc. Declares Quarterly Base Dividend Payable on December 29,2023

Cenovus Energy Inc. to Report Q3, 2023 Results on Nov 02, 2023

These 4 Measures Indicate That Cenovus Energy (TSE:CVE) Is Using Debt Reasonably Well

Executive VP & Chief Commercial Officer exercised options and sold CA$4.3m worth of stock

Upcoming dividend of CA$0.14 per share at 2.4% yield

Insider exercised options and sold CA$3.3m worth of stock

Insider exercised options and sold CA$2.8m worth of stock

High number of new directors

Cenovus Energy Inc. Announces Management Changes, Effective September 1, 2023

Cenovus Energy Inc. to Report Q2, 2023 Results on Jul 27, 2023

Cenovus Energy Inc. Provides an Update on Its Conventional Production Operations

Here's Why Cenovus Energy (TSE:CVE) Has Caught The Eye Of Investors

Executive Vice President of Downstream recently bought CA$222k worth of stock

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Insider exercised options and sold CA$604k worth of stock

A Look At The Intrinsic Value Of Cenovus Energy Inc. (TSE:CVE)

Investor sentiment deteriorates as stock falls 15%

Executive VP & COO exercised options and sold CA$5.7m worth of stock

Executive VP & COO recently bought CA$1.3m worth of stock

Upcoming dividend of CA$0.10 per share at 2.0% yield

Executive VP & COO recently bought CA$1.2m worth of stock

Full year 2022 earnings: Revenues miss analyst expectations

Cenovus Energy Inc. Announces Executive Changes

Cenovus Energy (TSE:CVE) Seems To Use Debt Rather Sparingly

Cenovus Energy Inc. to Report Q4, 2022 Results on Feb 16, 2023

Cenovus Energy Inc., Annual General Meeting, Apr 26, 2023

Cenovus Energy Inc. Appoints Melanie A. Little to Its Board of Directors, Effective January 1, 2023