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.

Analyst Trends:

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.

Earnings Trends:

Here’s how Chevron has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
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

Past Performance:
Chevron has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]