| Can Devon Energy (DVN) Beat Q1 Earnings Estimates? - Analyst Blog | |
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Devon Energy Corporation DVN will release first-quarter 2015 earnings results after the market closes on May 5, 2015. This independent energy company reported a negative earnings surprise of 24.55% last quarter. However, we expect Devon Energy to beat expectation this quarter.
Why a Likely Positive Surprise?
Our proven model shows that Devon Energy is likely to beat earnings because it has the right combination of two key ingredients. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. This is the case here.
Zacks ESP: Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, is at +7.69%. This is a meaningful and leading indicator of a likely positive earnings surprise for the shares.
Zacks Rank: The combination of Devon Energy’s Zacks Rank #3 and +7.69% ESP makes us confident of an earnings beat.
The Sell-rated stocks (#4 and 5) should never be considered going into an earnings announcement.
What's Driving the Better-than-Expected Earnings?
Devon Energy stands to benefit from its asset transformation initiatives and presently holds a top tier asset portfolio which will support its production growth targets despite a 25% cut in E&P spending in 2015.
The strong hedging position of the company will enable it to withstand the soft commodity prices. The financial strength has allowed Devon to further bolster its existing operations. This has enabled the company to pay regular dividends to its shareholders.
Other Stocks to Consider
Here are some other operators in the space worth considering as our model shows that they have the right combination of elements to post an earnings beat this quarter.
Callon Petroleum Co. CPE has an earnings ESP of +50.0% and a Zacks Rank #2.
Apache Corp. APA has an earnings ESP of +6.45% and a Zacks Rank #3.
Chesapeake Energy Corp. CHK has an earnings ESP of +50.0% and a Zacks Rank #3. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report DEVON ENERGY (DVN): Free Stock Analysis Report CHESAPEAKE ENGY (CHK): Free Stock Analysis Report APACHE CORP (APA): Free Stock Analysis Report CALLON PETE-DEL (CPE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Devon Energy Corporation
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CODE : DVN |
ISIN : US25179M1036 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Devon Energy est une société de production minière et de pétrole basée aux Etats-Unis D'Amerique. Devon Energy détient divers projets d'exploration au Canada. Son principal projet en exploration est JACKFISH OIL SANDS PROJECT au Canada. Devon Energy est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 21,3 milliards US$ (19,1 milliards €). La valeur de son action a atteint son plus bas niveau récent le 18 août 1995 à 10,00 US$, et son plus haut niveau récent le 22 février 2008 à 99,19 US$. Devon Energy possède 525 000 000 actions en circulation. |