Devon Energy’s earnings trend
In 1Q16, excluding one-time items, Devon Energy (DVN) reported EPS (earnings per share) of -$0.53 per share, $0.10 better than the estimated EPS of -$0.63 per share. Its revenues fell ~35% year-over-year to ~$2.1 billion.
As seen in above chart, Devon Energy reported much lower EPS in 2015 due to lower realized crude oil (USO) and natural gas (UNG) prices. In 1Q16, Devon Energy saw its adjusted earnings turn negative for the first time since 1996. Since 2013, Devon Energy has beaten earnings expectations ~77% of the time.