Devon Energy (NYSE:DVN) reported its Q3 earnings results on Tuesday, November 2, 2021 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Devon Energy their estimated earnings by 17.39%, reporting an EPS of $1.08 versus an estimate of $0.92, which surprised analysts.
Revenue was up $2,399,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.11, which was followed by a 3.51% drop in the share price the next day.
Here’s a look at Devon Energy’s past performance:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.49 | 0.33 | 0.03 | -0.12 |
| EPS Actual | 0.60 | 0.45 | 0.01 | -0.07 |
| Revenue Estimate | 2.29B | 2.21B | 1.15B | 1.02B |
| Revenue Actual | 2.42B | 1.76B | 1.28B | 1.07B |
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