ExxonMobil in Energy Stock Spotlight as Traders Await Earnings

ExxonMobil Corp (NYSE:XOM) will unveil its latest earnings on Tuesday, January 31, 2012. The average estimate of analysts is for profit of $2 per share, a rise of 8.1% 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 $2.08. Between one and three months ago, the average estimate moved up. It has dropped from $2.13 during the last month. Analysts are projecting profit to rise by 35.9% versus last year to $8.45.

Last quarter, the company came in at net income of $2.13 per share against a mean estimate of profit of $2.11 per share, beating estimates after missing them in the previous quarter. In the second quarter, it missed forecasts by 17 cents. On average, analysts predict $119.88 billion in revenue this quarter, a rise of 14% from the year ago quarter. Analysts are forecasting total revenue of $482.86 billion for the year, a rise of 26% from last year’s revenue of $383.22 billion.

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).

Valero Energy Corporation (NYSE:VLO) will unveil its latest earnings on Tuesday, January 31, 2012. The average estimate of analysts is for a loss of 25 cents per share, a swing from profit of 39 cents in the year earlier quarter. During the past three months, the average estimate has moved down from $1.10. Between one and three months ago, the average estimate moved down. It also has dropped from $1.01 during the last month. Analysts are projecting profit to rise by 111.2% versus last year to $3.59.

Last quarter, the company came in at net income of $2.11 per share against a mean estimate of profit of $1.74 per share, beating estimates after missing them in the previous quarter. In the second quarter, it missed forecasts by 17 cents. On average, analysts predict $32.3 billion in revenue this quarter, a rise of 45.8% from the year ago quarter. Analysts are forecasting total revenue of $119.73 billion for the year, a rise of 45.6% from last year’s revenue of $82.23 billion.

Competitors to Watch: Tesoro Corporation (NYSE:TSO), Alon USA Energy, Inc. (NYSE:ALJ), Western Refining, Inc. (NYSE:WNR), Sunoco, Inc. (NYSE:SUN), CVR Energy, Inc. (NYSE:CVI), Frontier Oil Corporation (NYSE:FTO), Chevron Corporation (NYSE:CVX), Holly Corporation (NYSE:HOC), Delek US Holdings, Inc. (NYSE:DK), and Exxon Mobil Corporation (NYSE:XOM).

Enterprise Products Partners L.P. (NYSE:EPD) will unveil its latest earnings on Wednesday, February 1, 2012. The average estimate of analysts is for net income of 56 cents per share, a rise of 21.7% 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 52 cents. Between one and three months ago, the average estimate moved up. It has risen from 55 cents during the last month. Analysts are projecting profit to rise by 51.8% versus last year to $2.11.

Last quarter, the company beat estimates by 5 cents, coming in at profit of 55 cents a share versus the estimate of net income of 50 cents a share. It marked the fourth straight quarter of beating estimates. Analysts are projecting a rise of 10.9% in revenue from the year-earlier quarter to $10.62 billion.

Competitors to Watch: Duncan Energy Partners L.P. (NYSE:DEP), Enterprise GP Hldgs. L.P. (EPE), Kinder Morgan Inc (NYSE:KMI), Kinder Morgan Energy Partners LP (NYSE:KMP), El Paso Corporation (NYSE:EP), Copano Energy, L.L.C. (NASDAQ:CPNO), Southern Union Company (NYSE:SUG), Energy Transfer Partners, L.P. (NYSE:ETP), Blue Dolphin Energy Co. (NASDAQ:BDCO), and DCP Midstream Partners, LP (NYSE:DPM).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com