In This Article:
Ovintiv (NYSE:OVV) Full Year 2024 Results
Key Financial Results
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Revenue: US$9.08b (down 15% from FY 2023).
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Net income: US$1.13b (down 46% from FY 2023).
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Profit margin: 12% (down from 20% in FY 2023).
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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
Our analysis of these results suggests Ovintiv may be undervalued based on 6 important criteria we look at. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.