Exxon Mobil earnings estimates report july 26 2012 Stock Market Today Shares, gold , mortgage rates

Exxon Mobil earnings estimates report july 26 2012 : ExxonMobil (NYSE:XOM) will unveil its latest earnings on Thursday, July 26, 2012. ExxonMobil Corporation produces and sells crude oil, natural gas and petroleum products.

Wall St. Earnings Expectations:
The average estimate of analysts is for net income of $1.96 per share, a decline of 10.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $2.08. Between one and three months ago, the average estimate moved down. It also has dropped from $2.01 during the last month. For the year, analysts are projecting profit of $7.75 per share, a decline of 8% from last year.

Past Earnings Performance:
The company has missed estimates in the last two quarters. In the first quarter, it missed the mark by 11 cents as a result of reporting net income of $2 against an estimate of profit of $2.11 per share. In the fourth quarter of the last fiscal year, the company fell short of forecasts by 3 cents.

A Look Back:
In the first quarter, profit fell 11.3% to $9.45 billion ($2 a share) from $10.65 billion ($2.14 a share) the year earlier, missing analyst expectations. Revenue rose 13.5% to $124.05 billion from $109.25 billion.

Wall St. Revenue Expectations:

Analysts are projecting a decline of 8.3% in revenue from the year-earlier quarter to $115.08 billion.

Stock Price Performance:
Between May 23, 2012 and July 23, 2012, the stock price had risen $3.26 (3.98%), from $81.95 to $85.21. The stock price saw one of its best stretches over the last year between February 15, 2012 and February 24, 2012, when shares rose for seven straight days, increasing 3.8% (+$3.22) over that span. It saw one of its worst periods between July 22, 2011 and August 4, 2011 when shares fell for 10 straight days, dropping 13.4% (-$11.38) over that span.

Balance Sheet Analysis:
The company’s current ratio of assets to liabilities came in at 0.95 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, a ratio less than one could indicate a company may have difficulty meeting current obligations. The company improved this liquidity measure from 0.94 in the fourth quarter of the last fiscal year to the last quarter driven in part by an increase in current assets. Current assets increased 4.4% to $76.16 billion while liabilities rose by 3.2% to $79.99 billion.

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