Devon Energy (NYSE: DVN ) is expected to report Q1 earnings on May 1. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Devon Energy's revenues will decrease -4.1% and EPS will wane -45.7%.
The average estimate for revenue is $2.40 billion. On the bottom line, the average EPS estimate is $0.57.
Last quarter, Devon Energy chalked up revenue of $2.58 billion. GAAP reported sales were 11% lower than the prior-year quarter's $2.69 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.78. GAAP EPS were -$0.88 for Q4 compared to $1.24 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 61.2%, 490 basis points worse than the prior-year quarter. Operating margin was 21.4%, 460 basis points worse than the prior-year quarter. Net margin was -14.9%, much worse than the prior-year quarter.
The full year's average estimate for revenue is $10.68 billion. The average EPS estimate is $3.61.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,164 members out of 2,224 rating the stock outperform, and 60 members rating it underperform. Among 470 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 461 give Devon Energy a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Devon Energy is outperform, with an average price target of $71.78.
Is Devon Energy the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add Devon Energy to My Watchlist.