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Chevron (CVX) Dips More Than Broader Markets: What You Should Know
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Chevron (CVX - Free Report) closed at $115.41 in the latest trading session, marking a -1.69% move from the prior day. This change lagged the S&P 500's daily loss of 0.15%. Elsewhere, the Dow lost 0.4%, while the tech-heavy Nasdaq 0%.
Heading into today, shares of the oil company had gained 0.38% over the past month, outpacing the Oils-Energy sector's loss of 7.11% and the S&P 500's loss of 1.27% in that time.
Investors will be hoping for strength from CVX as it approaches its next earnings release, which is expected to be February 1, 2019. On that day, CVX is projected to report earnings of $2.51 per share, which would represent year-over-year growth of 243.84%. Our most recent consensus estimate is calling for quarterly revenue of $44.78 billion, up 19.04% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $8.31 per share and revenue of $168.77 billion, which would represent changes of +124.59% and +19.08%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for CVX. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.25% higher. CVX is currently a Zacks Rank #3 (Hold).
Looking at its valuation, CVX is holding a Forward P/E ratio of 14.12. This represents a premium compared to its industry's average Forward P/E of 11.11.
Meanwhile, CVX's PEG ratio is currently 2.02. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Integrated - International industry currently had an average PEG ratio of 0.97 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 19, which puts it in the top 7% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Chevron (CVX) Dips More Than Broader Markets: What You Should Know
Chevron (CVX - Free Report) closed at $115.41 in the latest trading session, marking a -1.69% move from the prior day. This change lagged the S&P 500's daily loss of 0.15%. Elsewhere, the Dow lost 0.4%, while the tech-heavy Nasdaq 0%.
Heading into today, shares of the oil company had gained 0.38% over the past month, outpacing the Oils-Energy sector's loss of 7.11% and the S&P 500's loss of 1.27% in that time.
Investors will be hoping for strength from CVX as it approaches its next earnings release, which is expected to be February 1, 2019. On that day, CVX is projected to report earnings of $2.51 per share, which would represent year-over-year growth of 243.84%. Our most recent consensus estimate is calling for quarterly revenue of $44.78 billion, up 19.04% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $8.31 per share and revenue of $168.77 billion, which would represent changes of +124.59% and +19.08%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for CVX. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.25% higher. CVX is currently a Zacks Rank #3 (Hold).
Looking at its valuation, CVX is holding a Forward P/E ratio of 14.12. This represents a premium compared to its industry's average Forward P/E of 11.11.
Meanwhile, CVX's PEG ratio is currently 2.02. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Integrated - International industry currently had an average PEG ratio of 0.97 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 19, which puts it in the top 7% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.