Analysts Estimate Ovintiv (OVV) to Report a Decline in Earnings: What to Look Out for

Company Overview - Ovintiv (OVV) is expected to report a year-over-year decline in earnings due to lower revenues for the quarter ended March 2025, with a consensus EPS estimate of $1 per share, reflecting a -30.6% change [1][3] - Revenues are anticipated to be $2.34 billion, down 0.7% from the same quarter last year [3] Earnings Estimates and Revisions - The consensus EPS estimate has been revised 10.06% lower in the last 30 days, indicating a bearish sentiment among analysts regarding the company's earnings prospects [4][10] - The Most Accurate Estimate for Ovintiv is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -2.51% [10][11] Earnings Surprise History - Ovintiv has a history of beating consensus EPS estimates, having surpassed expectations in the last four quarters [12][13] - In the last reported quarter, Ovintiv was expected to post earnings of $1.11 per share but delivered $1.35, resulting in a surprise of +21.62% [12] Industry Comparison - In the Zacks Oil and Gas - Exploration and Production - Canadian industry, Canadian Natural Resources (CNQ) is expected to post earnings of $0.73 per share for the quarter ended March 2025, indicating a year-over-year change of +43.1% [17] - CNQ's revenue is projected to be $6.8 billion, up 11.2% from the previous year [17] - The consensus EPS estimate for CNQ has been revised 12.9% lower over the last 30 days, resulting in an Earnings ESP of 0.00% [18]