Suncor reports after the market closes on Nov. 3. It has beaten EPS estimates in three of the past four quarters, but estimates have slipped over the past month.
Suncor Energy Inc. (TSX: SU, SU.TO) is set to report results for the quarter ended Sept. 30, 2026, after the market closes on Nov. 3. One earnings calendar lists an EPS estimate of C$3.44. A separate trends feed puts consensus at C$2.43, based on seven analysts. Because the estimates differ, treat them as reference points, not a firm benchmark. The report will show how Suncor’s oil sands, refining and marketing businesses performed amid changing commodity prices and refining conditions.
Recent earnings trend
Suncor Energy Inc
SU.TO
SU.TO
Suncor Energy Inc
WealthAwesomeMarket cap
$131.19B
P/E
15.2x
Div. yield
2.18%
Div. / share
$2.37
52W high
$112.80
52W low
$52.91
1W change
-0.06%
Beta
0.59
Analyst Price Targets
Based on analyst covering SU · as of Oct 29, 2026
Wall Street analysts forecast SU stock price to rise 4.0% over the next 12 months.
Consensus
NeutralBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$115.55
+4.0% Upside
Previously C$115.20 on Oct 26, 2026
Current Price
C$111.11
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on SU's historical volatility
30-Day Vol
28.3%
Annualized
90-Day Vol
30.0%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$132.83
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$117.92 | C$106.94 – C$130.03 |
| 60 trading days | C$125.16 | C$109.00 – C$143.71 |
| 90 trading days | C$132.83 | C$112.15 – C$157.34 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 7 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 3 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-03 | — | 3.5300 | — |
| 2026-06-30 | 2026-08-04 | 3.2300 | 3.0800 | +4.9% |
| 2026-03-31 | 2026-05-05 | 1.9300 | 1.9300 | +0.0% |
| 2025-12-31 | 2026-02-03 | 1.1000 | 1.0300 | +6.8% |
| 2025-09-30 | 2025-11-04 | 1.4800 | 1.1400 | +29.8% |
| 2025-06-30 | 2025-08-05 | 0.7100 | 0.7300 | -2.7% |
Investor takeaway: The outlook has both positives and risks. Suncor beat EPS estimates in three of its past four quarters, and the trends feed forecasts year-over-year EPS growth of 64.4%. But its consensus estimate has fallen from C$2.58 to C$2.43 over the past month, with three downward revisions and two upward ones. Alongside earnings, watch revenue, operating performance and management’s comments on asset reliability. Estimates vary by source.
Three of Suncor’s last four quarterly EPS results beat estimates
In the latest comparable quarter, ended June 30, 2026, Suncor reported EPS of C$3.23, above the C$3.08 estimate. That was a 4.87% positive surprise. Estimates for the quarter ended Sept. 30 differ: the calendar lists C$3.44, while the trends feed reports C$2.43 from seven analysts.
Bull case
Suncor’s integrated business spans oil sands production and upgrading, refining, and fuel marketing. That gives the company exposure across the oil value chain. The trends feed forecasts revenue of C$14.28 billion, up 12.8% year over year, and EPS of C$2.43, up 64.4% from C$1.48 a year earlier. Suncor has also beaten EPS estimates in three of its past four quarters. More stable oil markets could make cash-flow expectations easier to assess, though commodity prices and operating results remain uncertain.
Bear case
Analyst estimates don’t line up: the calendar lists EPS of C$3.44, while the trends feed reports C$2.43 from seven analysts. The trends-feed estimate has fallen over the past month, with three downward revisions and two upward ones. Recent coverage has also noted that Suncor’s oil sands and refining assets are running at high utilization, leaving limited spare capacity if an outage occurs. Disruptions or weaker operating results could hurt earnings. Oil prices and Canadian crude differentials can also affect the prices Suncor receives for its production.
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