Preview: Chevron's Earnings
Portfolio Pulse from Benzinga Insights
Chevron (NYSE:CVX) is scheduled to release its quarterly earnings report on February 2, 2024. Analysts predict an EPS of $2.96. Investors are keen on not just the earnings beat but also the forward guidance. Chevron's stock performance has been negative over the last year, with a 12.78% decline. The company's past earnings have shown mixed results, with the last quarter missing EPS estimates by $0.28, leading to a 0.0% change in stock price the following day.
February 01, 2024 | 2:01 pm
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Chevron is expected to report an EPS of $2.96 for the upcoming quarter. The company's stock has seen a 12.78% decline over the past year, with mixed past earnings performance.
Chevron's upcoming earnings report is crucial for investors, especially given the stock's negative performance over the past year. The focus will be on whether the company can beat the EPS estimate and provide positive guidance. Historically, Chevron's stock price has shown sensitivity to earnings performance and guidance, making this report particularly significant. However, the score is neutral due to the mixed past earnings performance and the uncertainty regarding the company's ability to meet or exceed expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100