Earnings Preview: Occidental Petroleum's EPS, Revenue Expected to Rise
Occidental Petroleum (NYSE: OXY) releases its next round of earnings this Thursday, October 27, 2011. Here's Benzinga's essential guide to Occidental Petroleum's third quarter earnings report.
Earnings and Revenue:
Analysts are predicting an EPS reading of $1.96/share and revenues of $5.7 billion. Occidental Petroleum's latest numbers will no doubt be compared with the company's year-ago quarter, when it reported a profit of $1.47/share on revenues of $4.9 billion. Can Occidental Petroleum manage the estimated 33.3% rise in EPS and 16.3% increase in revenues from the year-ago quarter as analysts are predicting? We'll have to wait until Thursday to find out.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 | Q1 | Q4 | Q3 |
| EPS Estimate | $2.17 | $1.80 | $1.53 | $1.37 |
| EPS Actual | $2.23 | $1.96 | $1.56 | $1.47 |
Stock Performance:
As of October 24, 2011, Occidental Petroleum's current share price was $87.31. Shares are down 9.7% year to date.
Average Stock Rating:
The average rating by analysts for Occidental Petroleum is a Moderate Buy. The strength of this rating has declined slightly over the past three months.
Competitors:
Wondering how Occidental Petroleum compares to rivals in the same sector? Here are a few of the company's peers.
- ConocoPhillips (NYSE: COP): Hold with a $2.41 recent quarter EPS
- Chevron (NYSE: CVX): Moderate Buy with a $3.85 recent quarter EPS
- Double Eagle Petroleum (NASDAQ: DBLE): Moderate Buy with a $0.01 recent quarter EPS
- Eni S.p.A (NYSE: E): Moderate Buy with a $1.29 recent quarter EPS
The integrated oil-US company's industry has seen price/earnings growth of 1.2% during the current fiscal year.
Finally, a description of the company's main areas of operation: Occidental Petroleum is an international organization with subsidiaries operating in the oil and gas, chemical, and midstream markets.
Take Action:
Now that you have reviewed all the numbers, be ready to move if the upcoming Occidental Petroleum earnings report has any surprises. Also, come back to Benzinga after the announcement for a full recap and a guide to your next steps.
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