Posted 1/17/2024, 10:45:19 PM
Devon Energy Stock Underperforms as Q4 Earnings Expected to Decline
- Devon Energy (DVN) stock fell 1.42% compared to 0.56% drop in S&P 500 and 0.25% loss in Dow
- DVN stock has dropped 8.76% in the past month, underperforming sector and market
- DVN expected to report Q4 EPS of $1.40, a 15.66% decline year-over-year
- Revenue estimate of $3.88B for Q4 is 9.77% lower than year-ago period
- DVN given Zacks Rank #5 (Strong Sell), indicating analysts are pessimistic about near-term business trends