**Devon Energy Corporation (DVN)** experienced a share price increase of **4.3%** over the past month, outpacing the Zacks S&P 500 composite’s gain of **1.4%** and the Oil and Gas Exploration and Production industry’s increase of **4.1%**. The company is projected to report **earnings of $1.10 per share** for the current quarter, reflecting a year-over-year decrease of **33.3%**, with a revised estimate down by **2.6%** in the last 30 days. The full fiscal year consensus earnings estimate is **$4.98** per share, indicating a **12.8%** year-over-year decline.
For the current quarter, Devon Energy’s consensus sales estimate stands at **$3.77 billion**, down **1.6%** year-over-year. The company reported revenues of **$3.92 billion** in its last quarter, a **13.4%** increase from the previous year, outperforming revenue estimates by **1.13%**. Devon Energy holds a **Zacks Rank #4 (Sell)**, suggesting potential underperformance in the near term as analysts adjust earnings estimates based on recent business trends.
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