Ovintiv's Earnings Outlook

Ovintiv (NYSE:OVV) is preparing to release its quarterly earnings on Thursday, 2024-11-07. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Ovintiv to report an earnings per share (EPS) of $1.58.

Anticipation surrounds Ovintiv's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Earnings Track Record

During the last quarter, the company reported an EPS missed by $0.17, leading to a 1.0% increase in the share price on the subsequent day.

Here's a look at Ovintiv's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

1.40

1.37

1.94

1.74

EPS Actual

1.23

1.43

2.35

1.74

Price Change %

1.0%

-3.0%

4.0%

-2.0%

Tracking Ovintiv's Stock Performance

Shares of Ovintiv were trading at $39.95 as of November 05. Over the last 52-week period, shares are down 9.16%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

Analyst Insights on Ovintiv

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Ovintiv.

A total of 9 analyst ratings have been received for Ovintiv, with the ...