Ovintiv Incexpected to post earnings of $1.31 a share - Earnings Preview

Ovintiv Inc (OVV.N) (OVV) is expected to show a fall in quarterly revenue when it reports results on July 30 for the period ending June 30 2024 The Denver Colorado-based company is expected to report a 3.0% decrease in revenue to $2.441 billion from $2.52 billion a year ago, according to the mean estimate from 11 analysts, based on LSEG data. LSEG’s mean analyst estimate for Ovintiv Inc is for earnings of $1.31 per share. The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 19 “strong buy” or “buy,” 8 “hold” and no “sell” or “strong sell.” The mean earnings estimate of analysts had fallen by about 0.7% in the last three months. Wall Street’s median 12-month price target for Ovintiv Inc is $61.00, above its last closing price of $46.05. The company’s guidance on May 7 2024 for the period ended June 30 was for Capital Expenditures between USD610 million and USD650 million. Previous quarterly performance (using preferred earnings measure in US dollars). QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI ENDING ARTESTIMAT ESTIMATE MET, SE % E® MISSED Mar. 31 2024 1.37 1.36 1.43 Beat 4.8 Dec. 31 2024 1.92 1.95 2.35 Beat 20.5 Sep. 30 2023 1.77 1.75 1.74 Missed -0.4 Jan. 1 0001 0.81 0.82 0.93 Beat 13.4 Mar. 1.83 1.84 1.81 Missed -1.5 31 2023 Dec. 31 2022 1.81 1.87 0.91 Missed -51.3 Sep. 30 2022 1.92 1.97 1.44 Missed -27 Jun. 30 2022 2.62 2.82 2.41 Missed -14.4 This summary was machine generated July 27 at 00:08 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)