S&P 500 (NYSE:SPY) component ExxonMobil Corp (NYSE:XOM) will unveil its latest earnings on Thursday, July 28, 2011. ExxonMobil Corporation produces and sells crude oil, natural gas (NYSE:UNG) and petroleum products. Oil ETFs: The Top 10 Exchange Traded Funds for Your Oil Investing List>>
ExxonMobil Corp Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of $2.35 per share, a rise of 46.9% 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 $2.15. Between one and three months ago, the average estimate moved up, and has risen from $2.31 during the last month. For the year, analysts are projecting net income of $8.89 per share, a rise of 42.9% from last year.
Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 9 cents, reporting profit of $2.14 per share against a mean estimate of net income of $2.05 per share.
Wall St. Revenue Expectations: On average, analysts predict $121.39 billion in revenue this quarter, a rise of 31.2% from the year ago quarter. Analysts are forecasting total revenue of $477.08 billion for the year, a rise of 24.5% from last year’s revenue of $383.22 billion.
Analyst Ratings: Analysts seem relatively indifferent about ExxonMobil with 11 of 19 analysts surveyed maintaining a hold rating.
The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 20.3%, with the biggest boost coming in the most recent quarter when revenue rose 25.5% from the year earlier quarter.
The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 69% while it rose 52.9% in the fourth quarter of the last fiscal year and 55.4% in the third quarter of the last fiscal year.
Competitors to Watch: Chevron Corporation (NYSE:CVX), BP plc (NYSE:BP), ConocoPhillips (NYSE:COP), Marathon Oil Corporation (NYSE:MRO), Hess Corp. (NYSE:HES), TOTAL S.A. (NYSE:TOT), Suncor Energy Inc. (NYSE:SU) and Petroleo Brasileiro SA (NYSE:PBR).
Stock Price Performance: During June 23, 2011 to July 22, 2011, the stock price had risen $6.78 (8.6%) from $78.44 to $85.22. The stock price saw one of its best stretches over the last year between October 27, 2010 and November 11, 2010 when shares rose for 12-straight days, rising 10.1% (+$6.50) over that span. It saw one of its worst periods between May 31, 2011 and June 7, 2011 when shares fell for six-straight days, falling 4.2% (-$3.47) over that span. Shares are up $12.89 (+17.8%) year to date.
(Source: Xignite Financials)