Devon Energy, a prominent player in the oil and gas industry, is scheduled to report its earnings on February 27, 2024. As a Nasdaq-listed company under the stock symbol DVN, Devon Energy has been a part of the Nasdaq 100 index. The upcoming earnings date has been derived from an algorithm based on the company’s historical reporting dates, but it is important to note that this date may be subject to change once the company makes an official announcement.
When it comes to reporting earnings, Devon Energy follows the BNRI (Before Non Recurring Items) basis, which provides investors with a comprehensive view of the company’s financial performance. It’s worth mentioning that Devon Energy’s earnings numbers also include stock option expenses where possible.
- Devon Energy, traded under the stock symbol DVN, is scheduled to report its earnings on February 27, 2024.
- The earnings announcement is derived from an algorithm based on the company’s historical reporting dates but may be subject to change.
- Devon Energy follows the BNRI basis and includes stock option expenses in their earnings numbers.
Devon Energy Stock Performance and Financial Insights
As investors analyze and evaluate the performance of Devon Energy, understanding key financial insights is crucial. Devon Energy’s stock symbol is DVN and it is listed on the Nasdaq exchange. Currently, the stock is priced at $41.30 USD.
One way to gauge Devon Energy’s financial performance is through its quarterly earnings reports. In the previous quarter, Devon Energy reported an impressive earnings figure of $1.65 per share, surpassing the Zacks Consensus Estimate of $1.56 per share.
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Accompanied by this strong earnings performance, the company’s revenue for the same quarter reached an impressive $3.84 billion. Such positive financial results indicate Devon Energy’s ability to generate substantial revenue and profits.
|Earnings per Share
This remarkable financial performance not only displays Devon Energy’s strength and potential in the market, but also indicates a positive outlook for potential investors.
Analyst Expectations for Devon Energy Earnings
Analysts have provided their earnings estimates for Devon Energy. In the previous quarter, the consensus estimate was $1.56 per share, while the company reported earnings of $1.65 per share, beating the estimate. For the upcoming earnings release, analysts expect Devon Energy to report earnings of $1.39 per share, reflecting a year-over-year decrease of 16.27%.
Here is a breakdown of the earnings estimates for Devon Energy:
|Estimated Earnings per Share
These estimates provide insights into the expectations of analysts regarding Devon Energy’s future earnings performance. However, it’s important to note that these estimates are subject to change based on various factors such as market conditions and company developments.
Stay tuned for the official earnings announcement to see how Devon Energy performs compared to these estimates.
Devon Energy Revenue History
Devon Energy has a strong track record of generating significant revenue over the years. In the previous quarter, the company reported a robust revenue figure of $3.84 billion. This demonstrates the company’s ability to generate substantial income and highlights its position as a leader in the industry.
Furthermore, when analyzing Devon Energy’s revenue history, it is evident that the company has consistently delivered impressive financial performance. Over the past four years, Devon Energy’s annual revenue has ranged from $15.41 billion to $16.29 billion, showcasing its stability and resilience in the market.
By consistently generating strong revenue, Devon Energy demonstrates its ability to navigate market challenges and capitalize on opportunities. The company’s financial strength and stability position it as a reliable investment option in the energy sector.
Devon Energy Earnings and Revenue Estimates
As an investor, it is crucial to stay informed about the earnings and revenue estimates for Devon Energy. Wall Street analysts provide valuable insights by offering their predictions for the company’s financial performance. Here is an overview of the consensus estimates for earnings and revenue for each quarter:
|Earnings Estimate (per share)
|Revenue Estimate (in billions)
Please note that these estimates are subject to change as new information becomes available. Monitoring the quarterly earnings reports and tracking the actual results will provide essential insights for your investment decisions.
Stay updated with the latest earnings releases and financial events by referring to the Devon Energy Earnings Calendar.
Devon Energy Earnings Beat/Miss Analysis
During the previous quarter, Devon Energy surpassed expectations by reporting earnings of $1.65 per share, beating the Zacks Consensus Estimate of $1.56 per share. This impressive result translates to a positive earnings surprise of 5.77%. It is worth noting that Devon Energy has a history of outperforming earnings estimates. However, it is important to remember that past performance is not indicative of future results.
The Impact of Earnings Beat/Miss
When a company like Devon Energy reports earnings that surpass or fall short of expectations, it can significantly impact investor sentiment and stock performance. An earnings beat often leads to an increase in investor confidence, attracting more buyers and potentially driving up the stock price. On the other hand, an earnings miss can disappoint investors, resulting in a decrease in stock value.
Investors closely monitor earnings reports to gauge a company’s financial health and future prospects. The ability to consistently beat earnings estimates indicates strong performance and execution by management. However, it is crucial to remember that unexpected factors and market conditions can influence a company’s earnings trajectory.
Devon Energy’s recent earnings beat is indicative of its ability to deliver solid financial results. However, investors should approach earnings reports with caution and consider various factors that may impact a company’s performance. Investing decisions should be based on comprehensive analysis that includes evaluating a company’s financial fundamentals, industry trends, and future growth prospects.
Devon Energy Stock Analysis
When evaluating the performance of Devon Energy’s stock, investors can consider various indicators and scores to gain insights into the company’s financial health and potential for growth.
Firstly, let’s look at the Zacks Rank, which currently stands at 5 for Devon Energy. This rank suggests a strong sell recommendation, indicating that investors should exercise caution when considering investment opportunities in the company’s stock.
The Style Scores for Devon Energy are as follows:
- Value Score – A: This score suggests that the stock may be undervalued, presenting a potential opportunity for investors seeking value investments.
- Growth Score – A: Devon Energy demonstrates strong growth potential based on this score, indicating that its earnings and revenue growth prospects are encouraging.
- Momentum Score – A: With an A rating for momentum, the stock shows positive price momentum and may continue its upward trend in the short term.
- VGM Score – A: The VGM score combines value, growth, and momentum scores to offer a comprehensive analysis. Devon Energy’s A rating suggests an attractive investment option across these three dimensions.
These scores provide valuable insights into Devon Energy’s stock performance and highlight specific areas of interest for investors. However, it is important to conduct further research and analysis to make informed investment decisions.
To illustrate the stock’s performance visually, consider the following table:
|5 (Strong Sell)
With these indicators and scores in mind, investors can gain valuable insights into Devon Energy’s stock performance and make informed decisions based on their investment strategies and goals.
Devon Energy Industry Ranking
Devon Energy, a prominent player in the oil and gas industry, operates in the exploration and production sector within the United States. As part of the Zacks industry rank, which assesses companies based on various factors, Devon Energy is positioned in the bottom 1% of the ranking for the oil and gas – exploration and production industry, specifically listed at 248 out of 251 companies.
Devon Energy Industry Ranking Comparison
This ranking indicates that Devon Energy’s performance in the oil and gas – exploration and production industry is currently lower than the majority of its competitors. It is important to consider this information when assessing the company’s standing and potential investment opportunities.
Devon Energy Earnings Date Updates
Stay informed about the latest updates on Devon Energy’s earnings date. The upcoming earnings announcement is scheduled for February 27, 2024. However, please note that this date is subject to change, as it is based on the company’s official announcement. It’s important for investors to stay informed and regularly check for any updates regarding the earnings date to ensure they have the most accurate information.
How to Read a Devon Energy Earnings Report
Reading an earnings report can provide valuable insights into a company’s financial performance. It is important to understand the key metrics and financial indicators included in the report, such as earnings per share, revenue, and any non-recurring items. Investors can use the earnings report as a tool to evaluate the company’s profitability and make informed investment decisions.
Key Metrics in a Devon Energy Earnings Report
When reading a Devon Energy earnings report, it is crucial to pay attention to the following key metrics:
- Earnings per Share (EPS): This metric represents the company’s profitability on a per-share basis. It is calculated by dividing the company’s net income by the number of outstanding shares.
- Revenue: The revenue figure indicates the total amount of money generated by the company from its primary business activities. It provides insights into the company’s sales performance.
- Non-Recurring Items: Non-recurring items are one-time expenses or gains that do not regularly occur in the company’s operations. It is important to consider these items separately, as they can significantly impact the company’s overall financial performance.
By analyzing these metrics in the earnings report, investors can assess the company’s financial health and determine its potential for future growth.
Interpreting a Devon Energy Earnings Report
While each company’s earnings report may vary in format, there are some common elements to look out for:
- Comparative Analysis: Comparing the current quarter’s earnings to the previous quarter or the same quarter in previous years can help identify trends and gauge the company’s performance over time.
- Guidance and Outlook: Pay attention to any guidance or outlook the company provides for future earnings. This information can provide insights into the company’s expectations and potential future growth.
- Management’s Discussion and Analysis (MD&A): The MD&A section of the earnings report provides management’s perspective on the company’s performance and explains the factors influencing the results. It can offer additional context to help interpret the numbers.
By combining quantitative metrics with qualitative analysis, investors can gain a comprehensive understanding of Devon Energy’s financial performance and make informed investment decisions.
|Earnings per Share (EPS)
|The company’s profitability on a per-share basis. Calculated by dividing net income by the number of outstanding shares.
|The total amount of money generated by the company from its primary business activities. Provides insights into the company’s sales performance.
|One-time expenses or gains that do not regularly occur in the company’s operations. Considered separately as they can significantly impact overall financial performance.
Stay Informed with Devon Energy Earnings Calendar
For investors looking to stay updated on Devon Energy’s earnings announcements and other important financial events, the Devon Energy Earnings Calendar is a valuable resource. This calendar provides dates for upcoming earnings releases, ensuring that investors can track the company’s performance and make informed investment decisions.
By referring to the Devon Energy Earnings Calendar, investors can easily access information about upcoming earnings announcements, including the date and time of the release. This allows them to plan their investment strategies accordingly and stay ahead of the market.
Whether you are a seasoned investor or just starting out, the Devon Energy Earnings Calendar offers a user-friendly interface that presents the upcoming earnings announcements in a clear and organized manner. By staying informed about the company’s financial events, you can gain insights into Devon Energy’s performance and make well-informed decisions about your investments.
When is Devon Energy scheduled to report its earnings?
Devon Energy is scheduled to report its earnings on February 27, 2024.
What is the stock symbol for Devon Energy?
The stock symbol for Devon Energy is DVN.
What is the current stock price for Devon Energy?
The current stock price for Devon Energy is $41.30 USD.
How can I analyze Devon Energy’s financial performance?
You can analyze Devon Energy’s financial performance through its quarterly earnings reports.
What were Devon Energy’s previous earnings and revenue numbers?
In the previous quarter, Devon Energy reported earnings of $1.65 per share and revenue of $3.84 billion.
What are analysts’ earnings estimates for Devon Energy?
For the upcoming earnings release, analysts expect Devon Energy to report earnings of $1.39 per share.
Does Devon Energy have a history of beating earnings estimates?
Yes, Devon Energy has a history of beating earnings estimates. In the previous quarter, the company reported earnings of $1.65 per share, beating the Zacks Consensus Estimate of $1.56 per share.
How can I analyze Devon Energy’s stock performance?
You can analyze Devon Energy’s stock performance through various indicators such as the Zacks Rank and Style Scores.
What is Devon Energy’s industry ranking?
Devon Energy is ranked in the bottom 1% (248 out of 251) of the Zacks industry rank for the oil and gas – exploration and production industry.
Will the Devon Energy earnings date be updated in the future?
It is possible that the Devon Energy earnings date will be updated in the future, once the company announces the actual date.
How can I read a Devon Energy earnings report?
To read a Devon Energy earnings report, you can refer to the key metrics and financial indicators included in the report, such as earnings per share and revenue.
How can I stay informed about Devon Energy’s earnings announcements?
You can stay informed about Devon Energy’s earnings announcements by referring to the Earnings Calendar, which provides dates for upcoming earnings releases.
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