Earnings Preview: What to Expect From Devon Energy's Report

Core Viewpoint - Devon Energy Corporation (DVN) is set to announce its fiscal third-quarter earnings for 2025, with analysts projecting a decline in profit per share compared to the previous year [1][2]. Financial Performance - Analysts expect DVN to report a profit of $0.92 per share on a diluted basis, which represents a 16.4% decrease from $1.10 per share in the same quarter last year [2]. - For the full fiscal year, EPS is anticipated to be $3.98, down 17.4% from $4.82 in fiscal 2024, but is projected to rise 2.8% year over year to $4.09 in fiscal 2026 [3]. Stock Performance - DVN stock has underperformed the S&P 500 Index, which gained 14.8% over the past 52 weeks, with DVN shares down 21.5% during the same period [4]. - The stock also underperformed the Energy Select Sector SPDR Fund, which saw a 3.8% dip [4]. Recent Earnings Report - On August 5, DVN reported its Q2 results, with an adjusted EPS of $0.84, exceeding Wall Street expectations of $0.83, and revenue of $4.3 billion, surpassing forecasts of $4 billion [5]. Analyst Ratings - The consensus opinion on DVN stock is moderately bullish, with a "Moderate Buy" rating overall. Out of 28 analysts, 18 recommend a "Strong Buy," 2 suggest a "Moderate Buy," and 8 give a "Hold" rating [6]. - The average analyst price target for DVN is $45.15, indicating a potential upside of 41.4% from current levels [6].