Chevron Earnings Preview: Get Ahead of the Analysts
Chevron (NYSE:CVX) will report earnings before markets open on Friday, April 26th. Chevron Corporation is an integrated energy company with operations in countries located around the world. The Company produces and transports crude oil and natural gas. Chevron also refines, markets, and distributes fuels as well as is involved in chemical operations, mining operations, power generation and energy services.
Here is your Cheat Sheet to Chevron Earnings:
Earnings Expectations: Analysts expect earnings of $3.07 per share on revenues of $67.73 billion. Currently, the company’s P/E ratio stands at 8.70.
Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $3.1 and has not changed. For the current year, the average estimate is a profit of $12.43, which is better than the estimate ninety days ago.
Here’s how Chevron has been performing on an annual basis:
|Revenue ($) in millions||273,000||171,640||204,930||253,710||241,910|
|Diluted EPS ($)||11.67||5.24||9.48||13.44||13.32|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||59,980||60,700||62,610||58,040||60,550|
|Diluted EPS ($)||2.58||3.27||3.66||2.69||3.70|
Chevron has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)