Devon Energy Corp (DVN, Financial) is set to release its Q2 2024 earnings on Aug 7, 2024. The consensus estimate for Q2 2024 revenue is $3,892.81 million, and the earnings are expected to come in at $1.26 per share. The full year 2024's revenue is expected to be $15.64 billion and the earnings are expected to be $5.24 per share. More detailed estimate data can be found on the Estimates page.
Devon Energy Corp (DVN, Financial) Estimates Trends
Over the past 90 days, revenue estimates for Devon Energy Corp (DVN) for the full year 2024 have increased from $15.14 billion to $15.64 billion, and for 2025 from $15.82 billion to $17.03 billion. During the same period, earnings estimates have risen from $5.13 per share to $5.24 per share for 2024, and from $5.73 per share to $6.09 per share for 2025.
Devon Energy Corp (DVN, Financial) Reported History
In the previous quarter of March 31, 2024, Devon Energy Corp's (DVN) actual revenue was $3.60 billion, which beat analysts' revenue expectations of $3.47 billion by 3.6%. Devon Energy Corp's (DVN) actual earnings were $0.94 per share, which missed analysts' earnings expectations of $1.107 per share by -15.09%. After releasing the results, Devon Energy Corp (DVN) was down by -0.12% in one day.
Devon Energy Corp (DVN, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 25 analysts, the average target price for Devon Energy Corp (DVN) is $57.67 with a high estimate of $68 and a low estimate of $43. The average target implies an upside of 39.03% from the current price of $41.48.
Based on GuruFocus estimates, the estimated GF Value for Devon Energy Corp (DVN, Financial) in one year is $58.9, suggesting an upside of 42% from the current price of $41.48.
Based on the consensus recommendation from 30 brokerage firms, Devon Energy Corp's (DVN, Financial) average brokerage recommendation is currently 2.2, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
