Cenovus Reports Q4 Net Income of $670M, Revenue Hits $7.81B
Cenovus reported Q4 net income of $670 million (36 cents/share) on revenue of $7.81 billion and full-year profit of $2.81 billion ($1.54/share) on $35.57 billion in revenue. A leading research firm cut its current-year earnings forecast by almost 2%, placing the stock on a strong sell list.
1. Q4 Financial Results
Cenovus reported net income of $670 million in the fourth quarter, or 36 cents per share, on revenue of $7.81 billion. For the full year, the company posted profit of $2.81 billion, or $1.54 per share, on $35.57 billion in revenue.
2. Forecast Revision and Rating Action
A leading research firm trimmed its current-year earnings forecast for Cenovus by nearly 2% over the last 60 days and placed the stock on a strong sell list, signaling a weaker analyst outlook.
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Sources
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