Cenovus Energy (CVE) reported $9.26 billion in revenue for the quarter ended March 2025, representing a year-over-year decline of 6.8%. EPS of $0.32 for the same period compares to $0.46 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $9.47 billion, representing a surprise of -2.18%. The company delivered an EPS surprise of +10.34%, with the consensus EPS estimate being $0.29.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Cenovus performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Upstream Production: 818.9 millions of barrels of oil equivalent per day compared to the 819.24 millions of barrels of oil equivalent per day average estimate based on four analysts.
- Upstream - Total Conventional Natural Gas Production: 887.9 millions of cubic feet per day versus 867.71 millions of cubic feet per day estimated by three analysts on average.
- Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production - Sunrise: 52.1 millions of barrels of oil per day versus the two-analyst average estimate of 51.8 millions of barrels of oil per day.
- Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production - Lloydminster Therma: 109.9 millions of barrels of oil per day versus 109.38 millions of barrels of oil per day estimated by two analysts on average.
- Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production - Lloydminster Conventional Heavy Oil: 21.8 millions of barrels of oil per day compared to the 18.9 millions of barrels of oil per day average estimate based on two analysts.
- Upstream - Crude Oil and Natural Gas Liquids - Total Oil Sands Production: 624.3 millions of barrels of oil per day versus the two-analyst average estimate of 618.68 millions of barrels of oil per day.
- Upstream(Offshore) Production Volumes per day Light Crude Oil- (Atlantic): 11.6 millions of barrels of oil versus 9.22 millions of barrels of oil estimated by two analysts on average.
- Downstream - Total U.S. Refining - Crude Oil Unit Throughput: 553.5 millions of barrels of oil per day compared to the 554.13 millions of barrels of oil per day average estimate based on two analysts.
- Total upstream production - Total Conventional segment production: 25.7 millions of barrels of oil equivalent per day versus the two-analyst average estimate of 126.33 millions of barrels of oil equivalent per day.
- Total upstream production - Total Offshore segment production: 20.9 millions of barrels of oil equivalent per day versus the two-analyst average estimate of 67.58 millions of barrels of oil equivalent per day.
- Upstream - Crude Oil and Natural Gas Liquids - Total Conventional Production - Light Crude Oil: 5.2 millions of barrels of oil per day versus 5.51 millions of barrels of oil per day estimated by two analysts on average.
- Upstream - Crude Oil and Natural Gas Liquids - Total Conventional Production - Natural Gas Liquids: 20.5 millions of barrels of oil per day versus the two-analyst average estimate of 22.83 millions of barrels of oil per day.
Shares of Cenovus have returned -2.1% over the past month versus the Zacks S&P 500 composite's +11.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
