Ovintiv (OVV) Q1 Earnings Beat Estimates, Revenues Miss
OVVOvintiv(OVV) Zacks Investment Research·2024-05-13 23:40

Ovintiv Inc. (OVV) reported first-quarter 2024 adjusted earnings per share (EPS) of 1.44,whichbeattheZacksConsensusEstimateof1.44, which beat the Zacks Consensus Estimate of 1.32. The beat can be attributed to lower expenses year over year. However, the bottom line declined from the year-ago level of 1.82pershare.Totalrevenuesof1.82 per share. Total revenues of 2.4 billion decreased 7.8% from the year-ago quarter’s figure and missed the Zacks Consensus Estimate by 9.9%. This was due to a year-over-year decline in revenues from products and services. OVV’s board of direct ...