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:

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.