Chevron Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Chevron Corp (NYSE:CVX) will unveil its latest earnings on Friday, October 28, 2011. 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 profit of $3.42 per share, a rise of 82.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $3.32. Between one and three months ago, the average estimate moved up. It has dropped from $3.43 during the last month. For the year, analysts are projecting net income of $13.56 per share, a rise of 43.5% from last year.

Past Earnings Performance: Last quarter, the company reported profit of $3.85 per share versus a mean estimate of net income of. The company has beaten estimates for the past three quarters.

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Wall St. Revenue Expectations: On average, analysts predict $67.91 billion in revenue this quarter, a rise of 39.9% from the year ago quarter. Analysts are forecasting total revenue of $256.87 billion for the year, a rise of 29.6% 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 one rating it as a hold.

A Look Back: In the second quarter, profit rose 42.9% to $7.73 billion ($3.85 a share) from $5.41 billion ($2.70 a share) the year earlier, exceeding analyst expectations. Revenue rose 30.1% to $68.95 billion from $53 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 36.4% in the first quarter and 72.5% in the fourth quarter of the last fiscal year.

The company’s revenue has risen for two straight quarters. In the first quarter, the figure rose 29.1%.

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), Repsol YPF, S.A. (REPYY), and Valero Energy Corporation (NYSE:VLO).

Stock Price Performance: During September 26, 2011 to October 24, 2011, the stock price had risen $14.78 (16.2%) from $91.49 to $106.27. 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% (+$7.16) over that span. It saw one of its worst periods between July 21, 2011 and July 29, 2011 when shares fell for seven-straight days, falling 4.9% (-$5.37) over that span. Shares are up $17.11 (+19.2%) year to date.

(Source: Xignite Financials)

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