Ovintiv Incexpected to post earnings of $1.31 a share - Earnings Preview

• Ovintiv Inc (OVV.N) (OVV) is expected to show a fall in quarterly revenue when it reports results on July 30 for the period ending June 30 2024

• The Denver Colorado-based company is expected to report a 3.0% decrease in revenue to $2.441 billion from $2.52 billion a year ago, according to the mean estimate from 11 analysts, based on LSEG data.

• ​LSEG’s mean analyst estimate for Ovintiv Inc is for earnings of $1.31 per share.

• The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 19 “strong buy” or “buy,” 8 “hold” and no “sell” or “strong sell.”

• The mean earnings estimate of analysts had fallen by about 0.7% 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 $46.05. ​​​ The company’s guidance on May 7 2024 for the period ended June 30 was for Capital Expenditures between USD610 million and USD650 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

Mar. 31 2024 1.37 1.36 1.43 Beat 4.8

Dec. 31 2024 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. 1.83 1.84 1.81 Missed -1.5

31 2023

Dec. 31 2022 1.81 1.87 0.91 Missed -51.3​

Sep. 30 2022 1.92 1.97 1.44 Missed -27

Jun. 30 2022 2.62 2.82 2.41 Missed -14.4

This summary was machine generated July 27 at 00:08 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)