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Chevron (CVX) Dips More Than Broader Markets: What You Should Know
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Chevron (CVX - Free Report) closed the most recent trading day at $125.19, moving -0.55% from the previous trading session. This change lagged the S&P 500's daily loss of 0.01%. At the same time, the Dow lost 0.1%, and the tech-heavy Nasdaq gained 0.12%.
Coming into today, shares of the oil company had gained 5.47% in the past month. In that same time, the Oils-Energy sector gained 2.08%, while the S&P 500 gained 2.24%.
Investors will be hoping for strength from CVX as it approaches its next earnings release. The company is expected to report EPS of $1.41, down 25.79% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $36.69 billion, down 2.85% from the year-ago period.
CVX's full-year Zacks Consensus Estimates are calling for earnings of $6.60 per share and revenue of $153.49 billion. These results would represent year-over-year changes of -20% and -7.72%, respectively.
Investors might also notice recent changes to analyst estimates for CVX. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. The Zacks Consensus EPS estimate has moved 0.38% lower within the past month. CVX is currently a Zacks Rank #3 (Hold).
Digging into valuation, CVX currently has a Forward P/E ratio of 19.08. For comparison, its industry has an average Forward P/E of 12.37, which means CVX is trading at a premium to the group.
Investors should also note that CVX has a PEG ratio of 3.83 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Integrated - International industry currently had an average PEG ratio of 1.4 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 96, putting it in the top 38% 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 the most recent trading day at $125.19, moving -0.55% from the previous trading session. This change lagged the S&P 500's daily loss of 0.01%. At the same time, the Dow lost 0.1%, and the tech-heavy Nasdaq gained 0.12%.
Coming into today, shares of the oil company had gained 5.47% in the past month. In that same time, the Oils-Energy sector gained 2.08%, while the S&P 500 gained 2.24%.
Investors will be hoping for strength from CVX as it approaches its next earnings release. The company is expected to report EPS of $1.41, down 25.79% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $36.69 billion, down 2.85% from the year-ago period.
CVX's full-year Zacks Consensus Estimates are calling for earnings of $6.60 per share and revenue of $153.49 billion. These results would represent year-over-year changes of -20% and -7.72%, respectively.
Investors might also notice recent changes to analyst estimates for CVX. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. The Zacks Consensus EPS estimate has moved 0.38% lower within the past month. CVX is currently a Zacks Rank #3 (Hold).
Digging into valuation, CVX currently has a Forward P/E ratio of 19.08. For comparison, its industry has an average Forward P/E of 12.37, which means CVX is trading at a premium to the group.
Investors should also note that CVX has a PEG ratio of 3.83 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Integrated - International industry currently had an average PEG ratio of 1.4 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 96, putting it in the top 38% 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.