| 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 $138 million, respectively, during the same period. These companies combined make up ~7% of the Energy Select Sector SPDR ETF (XLE).
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Devon Energy Corporation
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CODE : DVN |
ISIN : US25179M1036 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Devon Energy est une société de production minière et de pétrole basée aux Etats-Unis D'Amerique. Devon Energy détient divers projets d'exploration au Canada. Son principal projet en exploration est JACKFISH OIL SANDS PROJECT au Canada. Devon Energy est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 21,2 milliards US$ (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. |