What To expect before DVN earnings announcement?

3 May 2023, 10:18 AM

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By Dmitry Pargamanik

DVN Shares Could Increase Ahead of Earnings

  • 9 out of the last 12 times, DVN stock had a run up before earnings
  • Pre-Earnings Run Up Averaged 1.5% Gains
DVN is scheduled to report earnings on 8-May-2023. The last time Devon Energy reported earnings on Feb 14, 2023, the stock dropped by -10.5% to close at $56.21. At its current price of $49.63, DVN post earnings drift is -11.7%. Typically, traders tended to bid up DVN shares (heading into earnings) prior to its scheduled release.

DVN Historical Pre-Earnings Run Up

As you can see from the table below, the data displays the percentage moves DVN had for the last 12 quarters around earnings. The 2 day run up into earnings is notable as it shows that the stock increased 75% of the time for an average gain of 1.5%. That was actually a better bullish play than holding DVN through earnings that saw a 1.2% gain.

DVN historical stock price movement before earnings

Go to DVN Historical Price Movements Around Earnings page



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