Ovintiv (NYSE:OVV) Full Year 2024 Results
Key Financial Results
- Revenue: US$9.08b (down 15% from FY 2023).
- Net income: US$1.13b (down 46% from FY 2023).
- Profit margin: 12% (down from 20% in FY 2023).
- EPS: US$4.25 (down from US$8.02 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ovintiv Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 28%.
Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Oil and Gas industry in the US.
Performance of the American Oil and Gas industry.
The company's share price is broadly unchanged from a week ago.
Valuation
If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates Ovintiv could be a good place to look. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.
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About NYSE:OVV
Ovintiv
Explores, develops, produces, and markets natural gas, oil, and natural gas liquids in North America.
Very undervalued slight.