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DVN

Devon Energy Corporation

$45.56

Earnings Summary

Revenue
$3741Mn
Net Profits
$596Mn
Net Profit Margins
15.93%
PE Ratio
8.7

Highlights

Revenue:

Devon Energy Corporation’s revenue fell -2.14% since last year same period to $3741Mn in the Q1 2024. On a quarterly growth basis, Devon Energy Corporation has generated -2.09% fall in its revenue since last 3-months.

Net Profits:

Devon Energy Corporation’s net profit fell -40.1% since last year same period to $596Mn in the Q1 2024. On a quarterly growth basis, Devon Energy Corporation has generated -48.26% fall in its net profits since last 3-months.

Net Profit Margins:

Devon Energy Corporation’s net profit margin fell -38.79% since last year same period to 15.93% in the Q1 2024. On a quarterly growth basis, Devon Energy Corporation has generated -47.16% fall in its net profit margins since last 3-months.

PE Ratio:

Devon Energy Corporation’s price-to-earnings ratio after this Q1 2024 earnings stands at 8.7.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Devon Energy Corporation post its latest quarter earnings

EPS Estimate Current Year
1.11

Highlights

EPS Estimate Current Year:

Devon Energy Corporation’s earning per share (EPS) estimates for the current year stand at 1.11.

Key Ratios

Key ratios of the Devon Energy Corporation post its Q1 2024 earnings

Earning Per Share (EPS)
1.16
Return on Assets (ROA)
0.11
Return on Equity (ROE)
0.29
Dividend Per Share (DPS)
0.22

Highlights

Earning Per Share (EPS):

Devon Energy Corporation’s earning per share (EPS) fell -20.55% since last year same period to 1.16 in the Q1 2024. This indicates that the Devon Energy Corporation has generated -20.55% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Devon Energy Corporation’s return on assets (ROA) stands at 0.11.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Devon Energy Corporation’s return on equity (ROE) stands at 0.29.

Dividend Per Share (DPS):

Devon Energy Corporation declared 0.22 dividend per share during the earnings announcement for Q1 2024.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2024-05-02
1.11
1.16
4.5%