| What to Expect from Devon Energy’s 4Q15 Earnings | |
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Devon Energy's Stock Is in Downward Spiral ahead of 4Q15 Results Devon Energy’s 4Q15 revenue estimates
Devon Energy (DVN) will release its 4Q15 earnings on February 16, 2016. 4Q15 revenue estimates stand at ~$3.6 billion. Revenue in the corresponding quarter of 2014 was ~$6 billion.
In 3Q15, Devon reported revenue of $3.6 billion. This was ~33% lower than the revenue reported in 3Q14. Sequentially, revenue increased by ~6%. Given that revenues have fallen short of analysts’ estimates in all of the past three quarters of 2015, investors will be interested to see if this trend will show in 4Q15 earnings.
Devon’s 4Q15 earnings per share estimates
Devon’s 4Q15 EPS (earnings per share) estimate is $0.71. The company posted an EPS of $1.34 in the corresponding quarter in 2014. DVN posted 3Q15 EPS of $0.76. DVN’s EPS has exceeded analyst estimates in two of the past three quarters of 2015. The major reason for Devon’s positive earnings in 2015, despite the weak energy price environment, was its oil and gas hedges. However, DVN’s earnings could come under pressure this year as its hedges roll off.
Devon’s fiscal 2015 revenue and earnings estimates
For 2015, analysts expect DVN to report revenue of ~$14.4 billion, ~20% lower than the 2014 revenue of $17.6 billion. Analysts expect DVN to report an adjusted 2015 EPS of ~$2.45 per share versus 2014’s profit per share of $4.91.
Devon’s 3Q15 earnings recap
Devon Energy reported 3Q15 adjusted net income of $316 million compared to adjusted earnings of $552 million in 3Q14, a decline of 43%. Upstream companies such as Apache (APA), Anadarko Petroleum (APC), and Marathon Oil (MRO) recorded adjusted net losses of $21 million, $358 million, and $138 million, respectively, during the same period. These companies combined make up ~7% of the Energy Select Sector SPDR ETF (XLE).
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Devon Energy Corporation
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CODE : DVN |
ISIN : US25179M1036 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Devon Energy is a and oil producing company based in United states of america. Devon Energy holds various exploration projects in Canada. Its main exploration property is JACKFISH OIL SANDS PROJECT in Canada. Devon Energy is listed in United States of America. Its market capitalisation is US$ 27.0 billions as of today (€ 25.3 billions). Its stock quote reached its lowest recent point on August 18, 1995 at US$ 10.00, and its highest recent level on February 22, 2008 at US$ 99.19. Devon Energy has 525 000 000 shares outstanding. |