Factor Model (net +3.3)
Factor Model
net +3.3 5.7 / 10Devon Energy EPS set to fall 14%
Watch: Watch Q1 earnings on May 5 to gauge if Devon can reverse EPS declines and validate its bullish full-year outlook.
Devon Energy expects Q1 2026 EPS of $1.04, down 14.1% year-over-year from $1.21. Analysts project full-year 2026 EPS growth of 17.4% to $4.60 backed by recent earnings beats. Despite oil prices above $90 per barrel and gasoline near $4.09 per gallon, Devon trades at a forward P/E near 9, well below the S&P 500's 22x average.
The valuation gap and analyst upgrades imply market underestimation of Devon's growth potential amid strong oil prices and improving earnings forecasts.
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