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Chevron (CVX) Registers a Bigger Fall Than the Market: Important Facts to Note
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Chevron (CVX - Free Report) closed the most recent trading day at $171.45, moving -2.57% from the previous trading session. This change lagged the S&P 500's 0.1% loss on the day. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.43%.
The stock of oil company has fallen by 4.73% in the past month, leading the Oils-Energy sector's loss of 7.58% and undershooting the S&P 500's loss of 1.34%.
The investment community will be closely monitoring the performance of Chevron in its forthcoming earnings report. The company's upcoming EPS is projected at $6.23, signifying a 251.98% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $58.23 billion, indicating a 29.91% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $15.88 per share and revenue of $221.76 billion. These totals would mark changes of +117.83% and +17.31%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Chevron. 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 business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.92% increase. Right now, Chevron possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Chevron is currently trading at a Forward P/E ratio of 11.08. This valuation marks a premium compared to its industry average Forward P/E of 7.33.
Meanwhile, CVX's PEG ratio is currently 0.58. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Oil and Gas - Integrated - International industry currently had an average PEG ratio of 0.53 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 56, this industry ranks in the top 23% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks 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.
View the Zacks #1 Rank List
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Chevron (CVX) Registers a Bigger Fall Than the Market: Important Facts to Note
Chevron (CVX - Free Report) closed the most recent trading day at $171.45, moving -2.57% from the previous trading session. This change lagged the S&P 500's 0.1% loss on the day. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.43%.
The stock of oil company has fallen by 4.73% in the past month, leading the Oils-Energy sector's loss of 7.58% and undershooting the S&P 500's loss of 1.34%.
The investment community will be closely monitoring the performance of Chevron in its forthcoming earnings report. The company's upcoming EPS is projected at $6.23, signifying a 251.98% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $58.23 billion, indicating a 29.91% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $15.88 per share and revenue of $221.76 billion. These totals would mark changes of +117.83% and +17.31%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Chevron. 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 business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.92% increase. Right now, Chevron possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Chevron is currently trading at a Forward P/E ratio of 11.08. This valuation marks a premium compared to its industry average Forward P/E of 7.33.
Meanwhile, CVX's PEG ratio is currently 0.58. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Oil and Gas - Integrated - International industry currently had an average PEG ratio of 0.53 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 56, this industry ranks in the top 23% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks 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.