ExxonMobil Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component ExxonMobil (NYSE:XOM) will unveil its latest earnings tomorrow, Friday, February 1, 2013.  ExxonMobil Corporation produces and sells crude oil, natural gas and petroleum products.

ExxonMobil Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.99 per share, a rise of 1% 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 $2.01. Between one and three months ago, the average estimate moved down. It has risen from $1.96 during the last month. For the year, analysts are projecting net income of $7.86 per share, a decline of 6.7% from last year.

Past Earnings Performance: Last quarter, the company topped expectations by 13 cents, coming in at profit of $2.09 per share versus a mean estimate of net income of $1.96 per share. This followed two straight quarters of missing estimates.

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A Look Back: In the third quarter, profit fell 7.4% to $9.57 billion ($2.09 a share) from $10.33 billion ($2.13 a share) the year earlier, but exceeded analyst expectations. Revenue fell 4.7% to $115.71 billion from $121.42 billion.

Here’s how ExxonMobil traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:

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Stock Price Performance: From December 27, 2012 to January 28, 2013, the stock price rose $4.25 (4.9%), from $86.86 to $91.11. 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 May 24, 2012 and June 5, 2012 when shares fell for eight straight days, dropping 6.1% (-$5.01) over that span.

Wall St. Revenue Expectations: Analysts predict a decline of 3.6% in revenue from the year-earlier quarter to $117.25 billion.

Key Stats:

On the top line, the company is looking to get back on the right track after last quarter’s drop snapped a string of revenue increases. Revenue rose 13.8% in the fourth quarter of the last fiscal year, 13.5% in the first quarter and 4.6%in the second quarter before dropping in the third quarter.

There has enjoyed solid performance recently heading into this earnings announcement with profit rising by a year-over-year average of 8% for the last four quarters.

Analyst Ratings: There are mostly holds on the stock with eight of 15 analysts surveyed giving that rating.

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