Cenovus Energy Future Growth

Future criteria checks 0/6

Cenovus Energy is forecast to grow earnings and revenue by 0.6% and 3.4% per annum respectively. EPS is expected to grow by 15.2% per annum. Return on equity is forecast to be 16.3% in 3 years.

Key information

0.6%

Earnings growth rate

15.2%

EPS growth rate

Oil and Gas earnings growth	3.0%
Revenue growth rate	3.4%
Future return on equity	16.3%
Analyst coverage	Low
Last updated	01 May 2024

Recent future growth updates

Recent updates

Cenovus Energy GAAP EPS of C$1.19 beats by C$0.32, revenue of $19.2B beats by C$1.74B

Jul 28

Vltava Fund - Cenovus Energy: High-Quality And Low-Cost Assets

Jul 07

Cenovus: Buy The Dip

Jun 27

Cenovus Energy: Finally Mr. Market Responds

Jun 17

Earnings and Revenue Growth Forecasts

NYSE: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	55,849	4,422	6,132	10,956	2
12/31/2025	61,352	5,307	5,668	10,477	5
12/31/2024	58,920	5,792	5,059	10,457	5
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	722	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
6/30/2013	16,899	522	N/A	3,510	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CVE's forecast earnings growth (0.6% per year) is below the savings rate (2.4%).

Earnings vs Market: CVE's earnings (0.6% per year) are forecast to grow slower than the US market (14% per year).

High Growth Earnings: CVE's earnings are forecast to grow, but not significantly.

Revenue vs Market: CVE's revenue (3.4% per year) is forecast to grow slower than the US market (8.2% per year).

High Growth Revenue: CVE's revenue (3.4% per year) is forecast to grow slower than 20% 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 (16.3%).

Cenovus Energy Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Cenovus Energy Inc. Provides Production Guidance for the Year 2024

Price target increased by 9.8% to US$21.80

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

Price target decreased to US$19.57

Price target decreased to US$21.17

Recent updates

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

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

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

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

President recently bought US$1.1m worth of stock

Cenovus Energy: My Top Pick Among Canadian Majors

Upcoming dividend of CA$0.14 per share

Fourth quarter dividend of CA$0.14 announced

Cenovus Energy: Possibly One Of The Most Undervalued Energy Stocks

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

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

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

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

Cenovus Energy: The Waiting Is The Hardest Part

Canada's Best - Cenovus Is A Significantly Undervalued Buyback Powerhouse

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

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

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

Now 22% undervalued

Cenovus Energy Inc: Not Getting A Lot Of Value Here

Now 21% undervalued

Cenovus Energy: This Variable Can Turbocharge The E&P Rally

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

Price target increased by 9.8% to US$21.80

Cenovus Energy: Massive Buybacks And Dividends Are Around The Corner

Chevron Is Better Than Cenovus

High number of new directors

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

Cenovus Energy: Still Growing

Cenovus Energy: Preferred Shares Look Incredibly Attractive

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

Cenovus Energy: Investor Patience Could Be Rewarded Toward Year End

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

Executive Vice President of Downstream recently bought US$163k worth of stock

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

Investor sentiment improves as stock rises 17%

Investor sentiment deteriorates as stock falls 15%

Executive VP & COO recently bought US$947k worth of stock

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

Executive VP & COO recently bought US$920k worth of stock

Full year 2022 earnings: Revenues miss analyst expectations

Cenovus Energy Inc. Announces Executive Changes

Cenovus: What To Expect From Oil Sands Producer's Q4

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

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

Cenovus Energy: Integration Continues

The Trans Mountain Pipeline Expansion Will Benefit Cenovus

Price target decreased to US$19.57

Cenovus Energy goes ex-dividend tomorrow

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

Upcoming dividend of CA$0.10 per share

Price target decreased to US$21.17

High number of new directors

Cenovus Energy: Buy For The Income And Stay For The Growth

Upcoming dividend of CA$0.11 per share

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

Cenovus Energy GAAP EPS of C$0.81 misses by C$0.04, revenue of C$20.09B

Cenovus Energy Inc. to Report Q3, 2022 Results on Nov 02, 2022

Executive VP & COO recently bought US$944k worth of stock

Investor sentiment improved over the past week

Cenovus Energy: Don't Buy The Dip Until You See Analysts Panicking

Investor sentiment deteriorated over the past week

Cenovus Energy goes ex-dividend tomorrow

Upcoming dividend of CA$0.10 per share

Cenovus Energy: Growth Strategy Still In Place

Executive VP & COO recently bought US$865k worth of stock

Cenovus Energy Inc. (TSX:CVE) entered into an agreement to acquire a 50% stake in the Husky Toledo Refinery from BP p.l.c. (LSE:BP.) for $300 million.