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Chevron (CVX) Ascends While Market Falls: Some Facts to Note
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Chevron (CVX - Free Report) ended the recent trading session at $175.92, demonstrating a +1.1% change from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily loss of 0.28%. Meanwhile, the Dow lost 1.09%, and the Nasdaq, a tech-heavy index, added 0.2%.
The oil company's stock has dropped by 6.83% in the past month, falling short of the Oils-Energy sector's loss of 4.3% and the S&P 500's gain of 1.64%.
Investors will be eagerly watching for the performance of Chevron in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 31, 2026. The company's earnings per share (EPS) are projected to be $5.9, reflecting a 233.33% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $57.72 billion, showing a 28.78% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $15.28 per share and revenue of $220.32 billion, which would represent changes of +109.6% and +16.55%, respectively, from the prior year.
Investors might also notice 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.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Over the past month, the Zacks Consensus EPS estimate has shifted 3.79% downward. Chevron is holding a Zacks Rank of #3 (Hold) right now.
Looking at valuation, Chevron is presently trading at a Forward P/E ratio of 11.39. This valuation marks a premium compared to its industry average Forward P/E of 7.43.
We can also see that CVX currently has a PEG ratio of 0.59. 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. Oil and Gas - Integrated - International stocks are, on average, holding a PEG ratio of 0.6 based on yesterday's closing prices.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 191, positioning it in the bottom 23% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Chevron (CVX) Ascends While Market Falls: Some Facts to Note
Chevron (CVX - Free Report) ended the recent trading session at $175.92, demonstrating a +1.1% change from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily loss of 0.28%. Meanwhile, the Dow lost 1.09%, and the Nasdaq, a tech-heavy index, added 0.2%.
The oil company's stock has dropped by 6.83% in the past month, falling short of the Oils-Energy sector's loss of 4.3% and the S&P 500's gain of 1.64%.
Investors will be eagerly watching for the performance of Chevron in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 31, 2026. The company's earnings per share (EPS) are projected to be $5.9, reflecting a 233.33% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $57.72 billion, showing a 28.78% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $15.28 per share and revenue of $220.32 billion, which would represent changes of +109.6% and +16.55%, respectively, from the prior year.
Investors might also notice 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.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Over the past month, the Zacks Consensus EPS estimate has shifted 3.79% downward. Chevron is holding a Zacks Rank of #3 (Hold) right now.
Looking at valuation, Chevron is presently trading at a Forward P/E ratio of 11.39. This valuation marks a premium compared to its industry average Forward P/E of 7.43.
We can also see that CVX currently has a PEG ratio of 0.59. 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. Oil and Gas - Integrated - International stocks are, on average, holding a PEG ratio of 0.6 based on yesterday's closing prices.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 191, positioning it in the bottom 23% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.