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.
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