We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Chevron (CVX) Stock Moves -0.71%: What You Should Know
Read MoreHide Full Article
Chevron (CVX - Free Report) closed the latest trading day at $152, indicating a -0.71% change from the previous session's end. This change was narrower than the S&P 500's 1.22% loss on the day. Meanwhile, the Dow experienced a drop of 1.55%, and the technology-dominated Nasdaq saw a decrease of 0.35%.
Heading into today, shares of the oil company had gained 2.51% over the past month, outpacing the Oils-Energy sector's loss of 3.38% and the S&P 500's loss of 2.31% in that time.
The investment community will be paying close attention to the earnings performance of Chevron in its upcoming release. The company's earnings per share (EPS) are projected to be $2.53, reflecting a 13.65% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $47.45 billion, down 2.59% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $10.79 per share and revenue of $197.99 billion, which would represent changes of +7.36% and -2.37%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Chevron. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 4.63% decrease. Right now, Chevron possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Chevron is presently being traded at a Forward P/E ratio of 14.19. This expresses a premium compared to the average Forward P/E of 7.69 of its industry.
We can additionally observe that CVX currently boasts a PEG ratio of 1.4. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Oil and Gas - Integrated - International industry held an average PEG ratio of 1.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 75, putting it in the top 30% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Chevron (CVX) Stock Moves -0.71%: What You Should Know
Chevron (CVX - Free Report) closed the latest trading day at $152, indicating a -0.71% change from the previous session's end. This change was narrower than the S&P 500's 1.22% loss on the day. Meanwhile, the Dow experienced a drop of 1.55%, and the technology-dominated Nasdaq saw a decrease of 0.35%.
Heading into today, shares of the oil company had gained 2.51% over the past month, outpacing the Oils-Energy sector's loss of 3.38% and the S&P 500's loss of 2.31% in that time.
The investment community will be paying close attention to the earnings performance of Chevron in its upcoming release. The company's earnings per share (EPS) are projected to be $2.53, reflecting a 13.65% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $47.45 billion, down 2.59% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $10.79 per share and revenue of $197.99 billion, which would represent changes of +7.36% and -2.37%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Chevron. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 4.63% decrease. Right now, Chevron possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Chevron is presently being traded at a Forward P/E ratio of 14.19. This expresses a premium compared to the average Forward P/E of 7.69 of its industry.
We can additionally observe that CVX currently boasts a PEG ratio of 1.4. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Oil and Gas - Integrated - International industry held an average PEG ratio of 1.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 75, putting it in the top 30% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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.