ExxonMobil Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component ExxonMobil Corp (NYSE:XOM) will unveil its latest earnings on Thursday, October 27, 2011. ExxonMobil Corporation produces and sells crude oil, natural gas and petroleum products.

ExxonMobil Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $2.11 per share, a rise of 46.5% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $2.24. Between one and three months ago, the average estimate moved down. It also has dropped from $2.13 during the last month. For the year, analysts are projecting net income of $8.49 per share, a rise of 36.5% from last year.

Past Earnings Performance: Last quarter, the company missed estimates by 17 cents, coming in at profit of $2.18 per share versus a mean estimate of net income of $2.35 per share. In the first quarter, the company beat estimates by 9 cents.

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Wall St. Revenue Expectations: On average, analysts predict $113.56 billion in revenue this quarter, a rise of 19.2% from the year ago quarter. Analysts are forecasting total revenue of $473.5 billion for the year, a rise of 23.6% from last year’s revenue of $383.22 billion.

Analyst Ratings: Analysts are bullish on ExxonMobil as seven analysts rate it as a buy, one rates it as a sell and seven rate it as a hold.

A Look Back: In the second quarter, profit rose 41.3% to $10.68 billion ($2.18 a share) from $7.56 billion ($1.60 a share) the year earlier, but fell short analyst expectations. Revenue rose 35.8% to $121.77 billion from $89.69 billion.

Key Stats:

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 23.1%, with the biggest boost coming in the most recent quarter when revenue rose 35.8% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose 69% in the first quarter and 52.9% in the fourth 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 September 23, 2011 to October 21, 2011, the stock price had risen $10.82 (15.6%) from $69.31 to $80.13. 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% (+$6.45) 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, falling 13.3% (-$11.30) over that span. Shares are up $8.28 (+11.5%) year to date.

(Source: Xignite Financials)

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