uploads///DVN Q Pre EPS Beat or Miss

How Has Devon Energy Stock Reacted to past Earnings Results?

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Feb. 13 2017, Updated 9:06 a.m. ET

Consensus and actual earnings

In the last four quarters, Devon Energy (DVN) has beaten the consensus EPS (earnings per share) estimate 100% of the time. In 2Q16, Devon beat the estimate by $0.25.

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What was Devon’s stock price reaction to past results?

On November 1, 2016, Devon Energy reported its 3Q16 earnings. In 3Q16, excluding one-time items, Devon Energy beat the consensus EPS estimate by $0.04. Following the earnings release, the better-than-expected earnings boosted Devon Energy’s stock price by ~17% in six sessions.

Devon reported its 2Q16 earnings on August 2, 2016. In 2Q16, excluding one-time items, it reported adjusted EPS $0.25 higher than the estimate. Following the earnings release, the better-than-expected earnings boosted Devon Energy’s stock price by ~26% in four weeks.

On May 3, 2016, Devon reported its 1Q16 earnings. In 1Q16, excluding one-time items, it beat the consensus EPS estimate by $0.11. Following the earnings release, in a contrarian reaction, the better-than-expected earnings led to Devon Energy’s stock price falling by ~10% in four sessions.

Devon reported its 4Q15 earnings on February 16, 2015. In 4Q15, excluding one-time items, it reported adjusted EPS $0.07 higher than the estimate. Following the earnings release, the better-than-expected earnings led to Devon Energy’s stock price falling by ~14% in three sessions.

Other oil and gas producers

In the last four quarters, upstream players Pioneer Natural Resources (PXD), Occidental Petroleum (OXY), and Murphy Oil (MUR) have beaten earnings expectations ~75%, ~0%, and ~75% of the time, respectively.

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