Ovintiv Inc expected to post earnings of $1.14 a share - Earnings Preview
06/11/2024 05:15
* Ovintiv Inc OVV.N OVV is expected to show a fall in
quarterly revenue when it reports results on November 7 for the
period ending September 30 2024
* The Denver Colorado-based company is expected to report a
20.8% decrease in revenue to $2.098 billion from $2.65 billion a
year ago, according to the mean estimate from 10 analysts, based
on LSEG data.
* LSEG's mean analyst estimate for Ovintiv Inc is for
earnings of
$1.14 per share.
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 18 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell."
* The mean earnings estimate of analysts was unchanged in
the last
three months.
* Wall Street's median 12-month price target for Ovintiv Inc
is
$55.00, above its last closing price of $39.95.
The company's guidance on July 31 2024 for the period ended
September 30 was for Capital Expenditures of USD550 million.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Jun. 30 2024 1.30 1.31 1.23 Missed -6
Mar. 31 2024 1.37 1.36 1.43 Beat 4.8
Dec. 31 2023 1.92 1.95 2.35 Beat 20.5
Sep. 30 2023 1.77 1.75 1.74 Missed -0.4
Jun. 0.81 0.82 0.93 Beat 13.4
30 2023
Jan. 1 0001 1.83 1.84 1.81 Missed -1.5
Dec. 31 2022 1.81 1.87 0.91 Missed -51.3
Sep. 30 2022 1.92 1.97 1.44 Missed -27
This summary was machine generated November 6 at 05:15 GMT. All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)