Devon Energy Stock Up Slightly But Analysts Forecast Earnings Drop
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Devon Energy (DVN) stock rose 0.37% on Tuesday, lagging behind broader market gains. The stock is up 11.56% over the past month.
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Analysts expect Devon to post Q4 EPS of $1.13, down 22.6% year-over-year, on revenue of $3.59B, down 6%.
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Full-year consensus forecasts call for EPS of $4.84, down 15.24%, and revenue of $14.83B, down 2.78%.
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Recent analyst estimate revisions for Devon reflect evolving short-term business trends and correlate with upcoming stock performance.
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Devon holds a Zacks Rank #4 (Sell), indicating underperformance potential, though trades at a P/E valuation discount compared to its industry group.