Devon Energy (DVN) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Shares of this oil and gas exploration company have returned -9.3% over the past month versus the Zacks S&P 500 composite's +4.2% change.
What determines the fair value of Devon Energy's stock?
That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock. For the current quarter, Devon Energy is expected to post earnings of $1.31 per share, indicating a change of +11% from the year-ago quarter. The Zacks Consensus Estimate has changed -3.5% over the last 30 days.
How much will Devon Energy's earnings change in a quarter?
For the current quarter, Devon Energy is expected to post earnings of $1.31 per share, indicating a change of +11% from the year-ago quarter. The Zacks Consensus Estimate has changed -3.5% over the last 30 days. For the current fiscal year, the consensus earnings estimate of $5.21 points to a change of -8.8% from the prior year.
