Devon Energy Corp. (DVN - Free Report) reported third-quarter 2019 adjusted earnings per share of 26 cents, which surpassed the Zacks Consensus Estimate of 19 cents by 36.8%.
Revenues
Quarterly revenues of $1,847 million surpassed the Zacks Consensus Estimate of $1,567 million by 17.9%. However, total revenues declined 14.3% from the year-ago reported figure.
The top-line performance reflects lower contribution from marketing businesses and a decline in realized prices of hydrocarbons compared with the prior-year period.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Devon Energy Corp. (DVN - Free Report) reported third-quarter 2019 adjusted earnings per share of 26 cents, which surpassed the Zacks Consensus Estimate of 19 cents by 36.8%.
Revenues
Quarterly revenues of $1,847 million surpassed the Zacks Consensus Estimate of $1,567 million by 17.9%. However, total revenues declined 14.3% from the year-ago reported figure.
The top-line performance reflects lower contribution from marketing businesses and a decline in realized prices of hydrocarbons compared with the prior-year period.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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