Ovintiv Inc OVV.N, OVV is expected to show a fall in quarterly revenue when it reports results on February 26 for the period ending December 31 2024
The Denver Colorado-based company is expected to report a 32.4% decrease in revenue to $2.139 billion from $3.17 billion a year ago, according to the mean estimate from 10 analysts, based on LSEG data.
LSEG's mean analyst estimate for Ovintiv Inc is for earnings of $1.16 per share.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Ovintiv Inc is $59.00, above its last closing price of $43.50.
The company's guidance on November 8 2024 for the period ended December 31 was for Capital Expenditures of USD550 million.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Sep. 30 2024 | 1.13 | 1.14 | 1.85 | Beat | 62.4 |
Jun. 30 2024 | 1.30 | 1.31 | 1.23 | Missed | -6 |
Mar. 31 2024 | 1.37 | 1.36 | 1.43 | Beat | 4.8 |
Dec. 31 2023 | 1.92 | 1.95 | 2.35 | Beat | 20.5 |
Sep. 30 2023 | 1.77 | 1.75 | 1.74 | Missed | -0.4 |
Jun. 30 2023 | 0.81 | 0.82 | 0.93 | Beat | 13.4 |
Mar. 31 2023 | 1.83 | 1.84 | 1.81 | Missed | -1.5 |
Dec. 31 2022 | 1.81 | 1.87 | 0.91 | Missed | -51.3 |
This summary was machine generated February 24 at 21:59 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
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