Published on 1 Mar 2024 on Simply Wall St. via Yahoo Finance
Ovintiv Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Investors in Ovintiv Inc. (NYSE:OVV) had a good week, as its shares rose 6.8% to close at US$49.41 following the release of its annual results. It looks like a credible result overall - although revenues of US$11b were in line with what the analysts predicted, Ovintiv surprised by delivering a statutory profit of US$7.90 per share, a notable 13% above expectations. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
See our latest analysis for Ovintiv
