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Chevron (CVX - Free Report) closed at $201.54 in the latest trading session, marking a +1.35% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.08%. Meanwhile, the Dow experienced a drop of 0.18%, and the technology-dominated Nasdaq saw an increase of 0.1%.
Coming into today, shares of the oil company had gained 4.97% in the past month. In that same time, the Oils-Energy sector gained 6.52%, while the S&P 500 lost 1.74%.
The investment community will be closely monitoring the performance of Chevron in its forthcoming earnings report. The company is scheduled to release its earnings on May 1, 2026. The company is forecasted to report an EPS of $1.77, showcasing a 18.81% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $46.94 billion, down 1.42% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $8.05 per share and revenue of $195.01 billion, which would represent changes of +10.43% and +3.16%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Chevron. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 20.82% higher within the past month. Currently, Chevron is carrying a Zacks Rank of #1 (Strong Buy).
Investors should also note Chevron's current valuation metrics, including its Forward P/E ratio of 24.71. This expresses a premium compared to the average Forward P/E of 10.89 of its industry.
It is also worth noting that CVX currently has a PEG ratio of 1.66. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Oil and Gas - Integrated - International industry currently had an average PEG ratio of 0.83 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 16, finds itself in the top 7% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Chevron (CVX) Laps the Stock Market: Here's Why
Chevron (CVX - Free Report) closed at $201.54 in the latest trading session, marking a +1.35% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.08%. Meanwhile, the Dow experienced a drop of 0.18%, and the technology-dominated Nasdaq saw an increase of 0.1%.
Coming into today, shares of the oil company had gained 4.97% in the past month. In that same time, the Oils-Energy sector gained 6.52%, while the S&P 500 lost 1.74%.
The investment community will be closely monitoring the performance of Chevron in its forthcoming earnings report. The company is scheduled to release its earnings on May 1, 2026. The company is forecasted to report an EPS of $1.77, showcasing a 18.81% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $46.94 billion, down 1.42% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $8.05 per share and revenue of $195.01 billion, which would represent changes of +10.43% and +3.16%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Chevron. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 20.82% higher within the past month. Currently, Chevron is carrying a Zacks Rank of #1 (Strong Buy).
Investors should also note Chevron's current valuation metrics, including its Forward P/E ratio of 24.71. This expresses a premium compared to the average Forward P/E of 10.89 of its industry.
It is also worth noting that CVX currently has a PEG ratio of 1.66. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Oil and Gas - Integrated - International industry currently had an average PEG ratio of 0.83 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 16, finds itself in the top 7% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.