In the latest trading session, Chevron (CVX - Free Report) closed at $126.68, marking a +0.21% move from the previous day. This change outpaced the S&P 500's 0.11% gain on the day. At the same time, the Dow lost 0.32%, and the tech-heavy Nasdaq gained 0.19%.
Prior to today's trading, shares of the oil company had gained 3.67% over the past month. This has outpaced the Oils-Energy sector's gain of 2.95% and lagged the S&P 500's gain of 3.84% in that time.
Investors will be hoping for strength from CVX as it approaches its next earnings release, which is expected to be April 26, 2019. In that report, analysts expect CVX to post earnings of $1.43 per share. This would mark a year-over-year decline of 24.74%. Meanwhile, our latest consensus estimate is calling for revenue of $36.69 billion, down 2.85% from the prior-year quarter.
CVX's full-year Zacks Consensus Estimates are calling for earnings of $6.56 per share and revenue of $156.14 billion. These results would represent year-over-year changes of -20.48% and -6.13%, respectively.
Investors might also notice recent changes to analyst estimates for CVX. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.71% lower. CVX is currently a Zacks Rank #3 (Hold).
Investors should also note CVX's current valuation metrics, including its Forward P/E ratio of 19.26. This represents a premium compared to its industry's average Forward P/E of 11.75.
Meanwhile, CVX's PEG ratio is currently 3.87. 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. CVX's industry had an average PEG ratio of 1.47 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 98, putting it in the top 39% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.