Devon Energy has seen its consensus earnings estimates revised significantly higher over the past 30 days, with the current-quarter estimate rising 6.8% to $1.29 per share and the full-year estimate climbing 18.6% to $4.97 per share. The company carries a Zacks Rank #3, or Hold, suggesting it may perform in line with the broader market. Revenue is projected to grow 50.1% in the current quarter to $6.43 billion, while the stock is graded A for value, indicating it trades at a discount to peers. Shares have declined 3.4% over the past month, compared with a 1.4% drop in the S&P 500.
Devon Energy CorporationConsensus earnings estimates revised upward and revenue growth projected, indicating improved financial outlook.