Chevron Q3 Adj. EPS $3.05 Misses $3.33 Estimate, Sales $54.08B Beat $53.00B Estimate
Portfolio Pulse from Benzinga Newsdesk
Chevron's Q3 earnings per share of $3.05 missed the analyst consensus estimate of $3.33 by 8.41 percent, a 45.14 percent decrease from the same period last year. However, the company's quarterly sales of $54.08 billion beat the estimate of $53.00 billion by 2.04 percent, despite being an 18.85 percent decrease from last year.
October 27, 2023 | 10:16 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Chevron's Q3 earnings missed estimates and decreased significantly from last year, while sales beat estimates but also decreased from last year.
Chevron's earnings miss and significant year-over-year decrease, along with the decrease in sales despite beating estimates, could negatively impact investor sentiment and put downward pressure on the stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100