Published on 30 Apr 2024 on Zacks via Yahoo Finance
Will Multi-Basin Assets Aid Devon Energy (DVN) in Q1 Earnings?
Devon Energy Corporation DVN is set to report first-quarter 2024 results on May 1, after market close. This oil and gas company delivered an average earnings surprise of 3.28% in the last four reported quarters.The Zacks Consensus Estimate for earnings is pegged at $1.10 per share on revenues of $3.62 billion. The top and bottom-line estimates suggest a decline of 5.4% and 24.7%, respectively, from a year ago.Per our proven model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chance of an earnings beat. This is not the case here.At present, Devon Energy has an Earnings ESP of 0.00% and a Zacks Rank of 3.You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Devon Energy Corporation Price and EPS Surprise