Chevron's Q4 Earnings Preview

On Friday, January 31, Chevron CVX will release its latest earnings report. Benzinga's outlook for Chevron is included in the following report.

Earnings and Revenue

Wall Street analysts see Chevron reporting earnings of $1.45 per share on revenue of $39.25 billion.

In the same quarter last year, Chevron reported EPS of $1.95 on revenue of $42.35 billion. If the company were to post earnings inline with the consensus estimate when it reports Friday, EPS would be down 25.64%. Sales would have fallen 7.32% from the same quarter last year. Chevron's reported EPS has stacked up against analyst estimates in the past like this:

Stock Performance

Over the last 52-week period, shares of Chevron have declined 1.31%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already wary of 12-month losses prior to the announcement.

Over the past 90 days, analysts have adjusted their estimates lower for EPS and revenues. Analysts seem to have settled on a Neutral rating with Chevron. The strength of this rating has maintained conviction over the past three months.

Conference Call

Chevron is scheduled to hold a conference call at 11:00 a.m. ET and it can be accessed here: https://edge.media-server.com/mmc/p/y6sebbdj