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Chevron (CVX) Stock Declines While Market Improves: Some Information for Investors
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In the latest trading session, Chevron (CVX - Free Report) closed at $185.21, marking a -1.27% move from the previous day. This change lagged the S&P 500's daily gain of 0.8%. On the other hand, the Dow registered a loss of 0.16%, and the technology-centric Nasdaq increased by 1.63%.
Shares of the oil company have depreciated by 9.72% over the course of the past month, underperforming the Oils-Energy sector's loss of 0.61%, and the S&P 500's gain of 8.11%.
Analysts and investors alike will be keeping a close eye on the performance of Chevron in its upcoming earnings disclosure. The company's earnings report is set to go public on May 1, 2026. The company's earnings per share (EPS) are projected to be $1.09, reflecting a 50% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $47.37 billion, down 0.5% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $12.5 per share and a revenue of $213.97 billion, indicating changes of +71.47% and +13.19%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Chevron. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 70.57% higher. Chevron is currently sporting a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Chevron is presently being traded at a Forward P/E ratio of 15.01. This represents a premium compared to its industry average Forward P/E of 7.8.
Also, we should mention that CVX has a PEG ratio of 0.79. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Oil and Gas - Integrated - International stocks are, on average, holding a PEG ratio of 0.71 based on yesterday's closing prices.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 4, placing it within the top 2% of over 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Chevron (CVX) Stock Declines While Market Improves: Some Information for Investors
In the latest trading session, Chevron (CVX - Free Report) closed at $185.21, marking a -1.27% move from the previous day. This change lagged the S&P 500's daily gain of 0.8%. On the other hand, the Dow registered a loss of 0.16%, and the technology-centric Nasdaq increased by 1.63%.
Shares of the oil company have depreciated by 9.72% over the course of the past month, underperforming the Oils-Energy sector's loss of 0.61%, and the S&P 500's gain of 8.11%.
Analysts and investors alike will be keeping a close eye on the performance of Chevron in its upcoming earnings disclosure. The company's earnings report is set to go public on May 1, 2026. The company's earnings per share (EPS) are projected to be $1.09, reflecting a 50% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $47.37 billion, down 0.5% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $12.5 per share and a revenue of $213.97 billion, indicating changes of +71.47% and +13.19%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Chevron. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 70.57% higher. Chevron is currently sporting a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Chevron is presently being traded at a Forward P/E ratio of 15.01. This represents a premium compared to its industry average Forward P/E of 7.8.
Also, we should mention that CVX has a PEG ratio of 0.79. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Oil and Gas - Integrated - International stocks are, on average, holding a PEG ratio of 0.71 based on yesterday's closing prices.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 4, placing it within the top 2% of over 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.