Home » earnings reports » Chevron earning estimates report july 27 2012

Thursday, July 26, 2012

Chevron earning estimates report july 27 2012

Chevron earning estimates report july 27 2012 : Expectations have dropped for Chevron‘s (CVX) second quarter results in the month leading up to the company’s earnings announcement slated for Friday, July 27, 2012. The consensus analyst estimate has dropped from $3.29 a share to the current estimate of earnings of $3.23 a share.

The current estimate is down 16.1% from the year-ago quarter, when the company reported earnings of $3.85 per share.

The consensus estimate has dipped over the past three months from $3.42. For the fiscal year, analysts are expecting earnings of $12.47 per share. Analysts project revenue to fall 0.7% year-over-year to $68.44 billion for the quarter, after being $68.95 billion a year ago. For the year, revenue is projected to roll in at $260.86 billion.

The company has been profitable for the last eight quarters, and for the last four, profit has risen year-over-year by an average of 37.9%. The biggest boost for the company came in the third quarter of the last fiscal year, when profit jumped by more than twofold.

The majority of analysts (85.7%) rate Chevron as a buy. This compares favorably to the analyst ratings of its nearest eight competitors, which average 59.4% buys. Analyst sentiment about Chevron has waned during the last three months. Despite this, the stock price has risen from $103.85 on April 25, 2012 to $107.95 over the past quarter.

For the latest updates on the stock market, PRESS CTR + D or visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post:

Posted by at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)