Devon Energy Earnings Preview
Portfolio Pulse from Benzinga Insights
Devon Energy (NYSE:DVN) is set to release its quarterly earnings report on 2023-08-01, with analysts estimating an EPS of $1.17. The company's past performance shows a trend of beating EPS estimates but experiencing a drop in share price the following day. The stock is currently trading at $53.0, down 11.05% over the last 52-week period.
July 31, 2023 | 3:04 pm
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Devon Energy's upcoming earnings report could potentially impact its stock price. The company has a history of beating EPS estimates but experiencing a drop in share price.
Devon Energy has a history of beating EPS estimates, which is generally a positive signal. However, the company's stock price has typically dropped following these earnings beats, indicating that investors may have different expectations. Given this trend, the upcoming earnings report could potentially lead to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100