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Ovintiv (OVV) Q1 Earnings and Revenues Surpass Estimates
OvintivOvintiv(US:OVV) ZACKS·2025-05-07 00:00

Group 1 - Ovintiv reported quarterly earnings of $1.42 per share, exceeding the Zacks Consensus Estimate of $1.20 per share, but slightly down from $1.44 per share a year ago, representing an earnings surprise of 18.33% [1] - The company achieved revenues of $2.38 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 3.34%, and showing a slight increase from $2.35 billion year-over-year [2] - Ovintiv has consistently surpassed consensus EPS estimates over the last four quarters, achieving this four times [2] Group 2 - The stock has underperformed the market, losing about 15% since the beginning of the year compared to the S&P 500's decline of 3.9% [3] - The current consensus EPS estimate for the upcoming quarter is $1.23 on revenues of $2.25 billion, and for the current fiscal year, it is $5.33 on revenues of $9.21 billion [7] - The Zacks Industry Rank for Oil and Gas - Exploration and Production - Canadian is in the top 37% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]