Encana Corp to Post Q3 2018 Earnings of $0.18 Per Share, Jefferies Financial Group Forecasts (ECA)
Encana Corp (TSE:ECA) (NYSE:ECA) – Investment analysts at Jefferies Financial Group dropped their Q3 2018 EPS estimates for Encana in a report released on Monday, October 15th. Jefferies Financial Group analyst Z. Parham now expects that the company will earn $0.18 per share for the quarter, down from their prior estimate of $0.23. Jefferies Financial Group also issued estimates for Encana’s Q4 2018 earnings at $0.31 EPS, Q1 2019 earnings at $0.51 EPS, Q2 2019 earnings at $0.46 EPS and FY2019 earnings at $1.79 EPS.
Encana (TSE:ECA) (NYSE:ECA) last posted its earnings results on Wednesday, August 1st. The company reported C$0.27 earnings per share for the quarter, beating the consensus estimate of C$0.13 by C$0.14. The firm had revenue of C$1.27 billion during the quarter, compared to analyst estimates of C$1.49 billion. Encana had a net margin of 34.15% and a return on equity of 17.15%.
TSE:ECA opened at C$14.69 on Tuesday. Encana has a 1-year low of C$12.37 and a 1-year high of C$18.54.
The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.54%. The ex-dividend date was Thursday, September 13th. This is a positive change from Encana’s previous quarterly dividend of $0.02.
Encana Corporation, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. The company holds interests in various assets, including the Montney in northern British Columbia and northwest Alberta; Duvernay in west central Alberta; and other upstream operations comprising Wheatland in southern Alberta, Horn River in northeast British Columbia, and Deep Panuke located in offshore Nova Scotia in Canada.
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