How did SU's Q3 2024 earnings forecast compare to past trends?

Suncor Energy's (SU) estimated EPS for Q3 2024 was $0.88, which represents a significant decline from the previous quarter's EPS of $2.68 in Q2 2024. This decline is consistent with the trend observed in the previous three quarters, where EPS decreased from $2.68 in Q2 2024, to $1.46 in Q1 2024, and further to $0.01 in Q3 2023: |code|Ticker|Name|Date|Diluted EPS YoY|Diluted EPS|market_code| |---|---|---|---|---|---|---| |SU|SU.N|Suncor Energy|2021 Q1|126.26267199424524|0.4295600964|169| |SU|SU.N|Suncor Energy|2021 Q2|259.14462959423827|0.467591099|169| |SU|SU.N|Suncor Energy|2021 Q3|6302.611822270647|0.4655566926|169| |SU|SU.N|Suncor Energy|2021 Q4||0.8374422838|169| |SU|SU.N|Suncor Energy|2022 Q1|284.2015479164047|1.6503765396|169| |SU|SU.N|Suncor Energy|2022 Q2|370.22737708272757|2.1987413603|169| |SU|SU.N|Suncor Energy|2022 Q3|-170.2868495290105|-0.327225132|169| |SU|SU.N|Suncor Energy|2022 Q4|79.13446942192722|1.5001477918|169| |SU|SU.N|Suncor Energy|2023 Q1|-31.00773496962282|1.1386321562|169| |SU|SU.N|Suncor Energy|2023 Q2|-50.84854276118471|1.0807134195|169| The company's earnings trend reflects the volatility of the oil and gas industry, which is subject to fluctuations in commodity prices. The decrease in EPS over the past quarters suggests that Suncor Energy, like many other oil and gas companies, has been impacted by lower oil prices and market conditions.