In the latest close session, Devon Energy (DVN) was up +1.09% at $32.41. The stock's performance was ahead of the S&P 500's daily loss of 0.53%. Elsewhere, the Dow saw a downswing of 0.71%, while the tech-heavy Nasdaq depreciated by 0.93%.
The oil and gas exploration company's stock has dropped by 7.02% in the past month, falling short of the Oils-Energy sector's loss of 1.42% and the S&P 500's gain of 1.13%.
Investors will be eagerly watching for the performance of Devon Energy in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 5, 2025. The company is predicted to post an EPS of $0.94, indicating a 14.55% decline compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $4.13 billion, up 2.55% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.94 per share and revenue of $17.05 billion, which would represent changes of -18.26% and +6.98%, respectively, from the prior year.
Any recent changes to analyst estimates for Devon Energy should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.67% lower. Devon Energy presently features a Zacks Rank of #3 (Hold).
With respect to valuation, Devon Energy is currently being traded at a Forward P/E ratio of 8.14. This expresses a discount compared to the average Forward P/E of 10.27 of its industry.
Meanwhile, DVN's PEG ratio is currently 1.91. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. DVN's industry had an average PEG ratio of 0.76 as of yesterday's close.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 218, this industry ranks in the bottom 12% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Devon Energy Corporation (DVN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
