Ovintiv Q3 Adj EPS $1.74 Miss $1.75 Estimate, Sales $2.65B Beat $2.55B Estimate
Portfolio Pulse from Benzinga Newsdesk
Ovintiv reported Q3 adjusted EPS of $1.74, missing the estimate of $1.75. However, the company's sales of $2.65B beat the estimate of $2.55B.
November 07, 2023 | 10:32 pm
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Ovintiv's Q3 earnings were mixed, with adjusted EPS slightly missing estimates but sales beating expectations.
Ovintiv's Q3 earnings report showed a slight miss on the EPS estimate, which could negatively impact investor sentiment. However, the company's sales beat estimates, which could offset some of the negative sentiment. The net impact on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100