ExxonMobil Corp First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component ExxonMobil Corp (NYSE:XOM) will unveil its latest earnings on Thursday, April 26, 2012. ExxonMobil Corporation produces and sells crude oil, natural gas and petroleum products.

ExxonMobil Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of $2.09 per share, a decline of 2.3% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from $2. Between one and three months ago, the average estimate moved up. It has risen from $2.01 during the last month. Analysts are projecting profit to rise by 0.5% compared to last year’s $8.38.

Past Earnings Performance: Last quarter, the company fell short of estimates by 2 cents, coming in at net income of $1.97 per share against a mean estimate of profit of $2. The company topped expectations in the third quarter of the last fiscal year.

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Wall St. Revenue Expectations: On average, analysts predict $127.1 billion in revenue this quarter, a rise of 11.5% from the year-ago quarter. Analysts are forecasting total revenue of $502.96 billion for the year, a rise of 3.4% from last year’s revenue of $486.43 billion.

Analyst Ratings: Analysts are bullish on ExxonMobil, as seven analysts rate it as a buy, none rate it as a sell and seven rate it as a hold. Over the last three months, the stock’s average rating has increased from hold to moderate buy.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 1.6% to $9.4 billion ($1.97 a share) from $9.25 billion ($1.85 a share) the year earlier, but fell short analyst expectations. Revenue rose 13.8% to $117.78 billion from $103.46 billion.

Key Stats:

Entering this results announcement, the company has averaged percentage revenue growth for the last four quarters of 25.5% each quarter while maintaining double-digit growth in each of those quarters.

Stock Price Performance: Between February 23, 2012 and April 20, 2012, the stock price had fallen $1.72 (-2%), from $87.02 to $85.30. The stock price saw one of its best stretches over the last year between February 15, 2012 and February 24, 2012, when shares rose for seven straight days, increasing 3.8% (+$3.22) over that span. It saw one of its worst periods between July 22, 2011 and August 4, 2011 when shares fell for 10 straight days, dropping 13.4% (-$11.18) over that span.

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

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