Chevron Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Chevron Corp (NYSE:CVX) will unveil its latest earnings on Friday, January 27, 2012. Chevron provides management and technology support to international subsidiaries that operate petroleum, chemicals, mining, power generation, and energy services.

Chevron Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $2.91 per share, a rise of 15.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $3.13. Between one and three months ago, the average estimate moved up. It has dropped from $3.27 during the last month. Analysts are projecting profit to rise by 42.9% versus last year to $13.50.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 50 cents, reporting profit of $3.92 per share against a mean estimate of net income of $3.42 per share.

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Wall St. Revenue Expectations: On average, analysts predict $71.08 billion in revenue this quarter, a rise of 37.1% from the year ago quarter. Analysts are forecasting total revenue of $248.74 billion for the year, a rise of 25.5% from last year’s revenue of $198.2 billion.

Analyst Ratings: Analysts are bullish on this stock with 13 analysts rating it as a buy, one rating it as a sell and two rating it as a hold.

A Look Back: In the third quarter, profit rose more than twofold to $7.83 billion ($3.92 a share) from $3.77 billion ($1.87 a share) the year earlier, exceeding analyst expectations. Revenue rose 29.6% to $64.43 billion from $49.72 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 42.9% in the second quarter and 36.4% in the first quarter.

Revenue has gone up for three straight quarters. It rose 30.1% in the second quarter from the year earlier and 29.1% in the first quarter.

Competitors to Watch: Exxon Mobil Corporation (NYSE:XOM), BP plc (NYSE:BP), ConocoPhillips (NYSE:COP), Marathon Oil Corporation (NYSE:MRO), TOTAL S.A. (NYSE:TOT), Hess Corp. (NYSE:HES), Suncor Energy Inc. (NYSE:SU) and Valero Energy Corporation (NYSE:VLO).

Stock Price Performance: During November 22, 2011 to January 23, 2012, the stock price had risen $10.59 (11%) from $96.42 to $107.01. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 5, 2011 when shares rose for seven-straight days, rising 7.4% (+$7.11) over that span. It saw one of its worst periods between November 11, 2011 and November 21, 2011 when shares fell for seven-straight days, falling 9.9% (-$10.55) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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