Chevron (NYSE:CVX) is scheduled to announce Q4 earnings results on Friday, January 27th, before market open.
The consensus EPS Estimate is $4.29 and the consensus Revenue Estimate is $53.97B (+6019.0% Y/Y).
Over the last 2 years, CVX has beaten EPS estimates 50% of the time and has beaten revenue estimates 63% of the time.
Over the last 3 months, EPS estimates have seen 7 upward revisions and 9 downward. Revenue estimates have seen 0 upward revisions and 4 downward.
The oil major in late October posted an easy third quarter beat. Cash flow from operations surged to a record $15.3B.
Chevron has a Quant rating of HOLD, with a 3.49 rating score. CVX has an industry ranking of 11 out of 17 in the oil and gas sector, as per SA’s Quant ranking.
Wall Street analysts rate the CVX stock BUY, while Seeking Alpha authors rate it HOLD.
Recent news: Chevron on Thursday unveiled plans to repurchase $75B of its shares and raised its quarterly dividend by 6%.
Recent analysis from Mizuho: “We are assuming coverage of CVX with a Neutral rating and a NAV-based price target of $200.00/sh. The company was a leader in cash return through the downturn between 2019 and 2022, and has one of the strongest balance sheets in our Energy coverage. However, with 1) the stock trading at a premium on FCF/ EV, 2) potential capital efficiency headwinds in the Permian, and 3) limited line of sight on long-term reserves, we take a more Neutral view of the investment case and would look for a better entry point”.
CVX rose 51.2% in 2022, while the benchmark S&P 500 (SP500) slid nearly 20% for the year. Stock is up 8% in January as of today’s close.