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) Increases Despite Market Slip: Here's What You Need to Know
Read MoreHide Full Article
Chevron (CVX - Free Report) ended the recent trading session at $217.99, demonstrating a +1.39% change from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 0.02%. At the same time, the Dow lost 0.35%, and the tech-heavy Nasdaq lost 0.15%.
The stock of oil company has risen by 1.33% in the past month, lagging the Oils-Energy sector's gain of 3.04% and the S&P 500's gain of 2.05%.
The investment community will be paying close attention to the earnings performance of Chevron in its upcoming release. The company is slated to reveal its earnings on October 30, 2026. In that report, analysts expect Chevron to post earnings of $4.73 per share. This would mark year-over-year growth of 155.68%. Simultaneously, our latest consensus estimate expects the revenue to be $58.88 billion, showing a 18.4% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $17.43 per share and a revenue of $238.48 billion, indicating changes of +139.09% and +26.16%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Chevron. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health 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, 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 moved 5.59% higher. Right now, Chevron possesses a Zacks Rank of #1 (Strong Buy).
In the context of valuation, Chevron is at present trading with a Forward P/E ratio of 12.34. This signifies a premium in comparison to the average Forward P/E of 7.56 for its industry.
Investors should also note that CVX has a PEG ratio of 0.6 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Oil and Gas - Integrated - International industry currently had an average PEG ratio of 0.64 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 16, which puts it in the top 7% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Chevron (CVX) Increases Despite Market Slip: Here's What You Need to Know
Chevron (CVX - Free Report) ended the recent trading session at $217.99, demonstrating a +1.39% change from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 0.02%. At the same time, the Dow lost 0.35%, and the tech-heavy Nasdaq lost 0.15%.
The stock of oil company has risen by 1.33% in the past month, lagging the Oils-Energy sector's gain of 3.04% and the S&P 500's gain of 2.05%.
The investment community will be paying close attention to the earnings performance of Chevron in its upcoming release. The company is slated to reveal its earnings on October 30, 2026. In that report, analysts expect Chevron to post earnings of $4.73 per share. This would mark year-over-year growth of 155.68%. Simultaneously, our latest consensus estimate expects the revenue to be $58.88 billion, showing a 18.4% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $17.43 per share and a revenue of $238.48 billion, indicating changes of +139.09% and +26.16%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Chevron. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health 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, 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 moved 5.59% higher. Right now, Chevron possesses a Zacks Rank of #1 (Strong Buy).
In the context of valuation, Chevron is at present trading with a Forward P/E ratio of 12.34. This signifies a premium in comparison to the average Forward P/E of 7.56 for its industry.
Investors should also note that CVX has a PEG ratio of 0.6 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Oil and Gas - Integrated - International industry currently had an average PEG ratio of 0.64 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 16, which puts it in the top 7% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.