* Ovintiv Inc is expected to show a fall in quarterly revenue when it reports results on May 7 for the period ending March 31 2024
* The Denver Colorado-based company is expected to report a 3.4% decrease in revenue to $2.465 billion from $2.55 billion a year ago, according to the mean estimate from 10 analysts, based on LSEG data.
* LSEG's mean analyst estimate for Ovintiv Inc is for earnings of $1.37 per share.
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell."
* The mean earnings estimate of analysts had risen by about 0.3% in the last three months.
* Wall Street's median 12-month price target for Ovintiv Inc is $61.00, above its last closing price of $51.54.
The company's guidance on February 27 2024 for the period ended March 31 was for Capital Expenditures between USD580 million and USD620 million. Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Dec. 31 2023 1.92 1.95 2.35 Beat 20.5
Sep. 30 2023 1.77 1.75 1.74 Missed -0.4
Jan. 1 0001 0.81 0.82 0.93 Beat 13.4
Mar. 31 2023 1.83 1.84 1.81 Missed -1.5
Dec. 1.81 1.87 0.91 Missed -51.3
31 2022
Sep. 30 2022 1.92 1.97 1.44 Missed -27
Jun. 30 2022 2.62 2.82 2.41 Missed -14.4
Mar. 31 2022 2.39 2.40 2.17 Missed -9.6
This summary was machine generated May 4 at 02:14 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
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