Occidental Petroleum's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Occidental Petroleum (NYSE:OXY) is scheduled to release its quarterly earnings report on February 14, 2024, with analysts estimating an EPS of $0.71. Historical data shows Occidental has a mixed track record of beating EPS estimates, which has led to varied stock price reactions. Shares are currently trading at $58.03, down 8.51% over the last year. Investors are keenly awaiting the report and guidance for future growth.
February 13, 2024 | 7:01 pm
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Occidental Petroleum is expected to announce its quarterly earnings with an anticipated EPS of $0.71. Historical performance shows fluctuating stock price reactions post-earnings. Currently, shares are down 8.51% over the past year.
Given Occidental Petroleum's mixed history of beating EPS estimates and the current downward trend in stock price, the short-term impact of the earnings report is uncertain. Positive guidance could potentially uplift the stock, but the recent negative trend suggests a cautious outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100