Chevron Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Chevron (NYSE:CVX) will unveil its latest earnings tomorrow, Friday, February 1, 2013.  Chevron provides management and technology support to international subsidiaries that operate petroleum, chemicals, mining, power generation, and energy services.

Chevron Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of $3.03 per share, a rise of 17.4% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from $3.15. Between one and three months ago, the average estimate moved down. It has risen from $3 during the last month. Analysts are projecting profit to rise by 9.3% compared to last year’s $12.19.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the third quarter, it reported profit of $2.69 per share against a mean estimate of $2.85. Two quarters ago, it beat expectations by 43 cents with net income of $3.66.

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A Look Back: In the third quarter, profit fell 32.9% to $5.25 billion ($2.69 a share) from $7.83 billion ($3.92 a share) the year earlier, missing analyst expectations. Revenue fell 9.9% to $58.04 billion from $64.43 billion.

Here’s how Chevron traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: