Ovintiv (OVV) reported $2.55 billion in income for the quarter finished March 2023, standing for a year-over-year boost of 29.7%. EPS of $1.82 for the exact same duration contrasts to $2.17 a year back.
The reported income contrasts to the Zacks Agreement Quote of $2.34 billion, standing for a shock of +8.84%. The firm provided an EPS shock of -0.55%, with the agreement EPS price quote being $1.83.
While capitalists look at income and also incomes modifications year-over-year and also exactly how they compare to Wall surface Road assumptions to establish their following action, some crucial metrics constantly supply an even more exact image of a firm’s monetary health and wellness.
Because these metrics play a critical function in driving the top- and also fundamental numbers, contrasting them with the year-ago numbers and also what experts approximated concerning them assists capitalists much better task a supply’s rate efficiency.
Below is exactly how Ovintiv did in the simply reported quarter in regards to the metrics most extensively kept an eye on and also forecasted by Wall surface Road experts:
- Manufacturing Daily – Complete Manufacturing: 511.4 MBOE/D versus the seven-analyst ordinary price quote of 506.78 MBOE/D.
- Manufacturing Daily – Total Amount Gas: 1555 MMcf/D contrasted to the 1528.06 MMcf/D ordinary price quote based upon 5 experts.
- Manufacturing Daily – Complete Oil: 127.3 MBBL/D contrasted to the 123.65 MBBL/D ordinary price quote based upon 4 experts.
- Manufacturing Daily – Complete Oil & & NGL: 252.2 MBBL/D versus 249.38 MBBL/D approximated by 3 experts typically.
- Manufacturing Daily – Complete NGL: 124.9 MBBL/D versus 126.52 MBBL/D approximated by 3 experts typically.
View all Key Company Metrics for Ovintiv here>>>
Shares of Ovintiv have actually returned -11.2% over the previous month versus the Zacks S&P 500 compound’s +0.9% adjustment. The supply presently has a Zacks Ranking # 3 (Hold), suggesting that it might execute in accordance with the more comprehensive market in the close to term.
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Ovintiv Inc. (OVV) : Free Stock Analysis Report
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