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On Friday, Feb. 1, Chevron (NYSE:CVX) will report its last quarter's earnings. Here is Benzinga's take on the company's release.
Earnings and Revenue
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Based on management's projections, Chevron analysts model for earnings of 2 per share on sales of $46.34 billion.
In the same quarter last year, Chevron reported EPS of 67 cents on revenue of $37.62 billion. If the company were to match the consensus estimate when it reports Friday, EPS would be up 198.51 percent. Revenue would be up 23.19 percent from the year-ago period. Chevron's reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q3 2018 | Q2 2018 | Q1 2018 | Q4 2017 |
| EPS Estimate | 2.08 | 2.09 | 1.49 | 1.23 |
| EPS Actual | 2.33 | 1.78 | 1.9 | 0.67 |
Stock Performance
Over the last 52-week period, shares are down 12.04 percent. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Over the past 90 days, analysts have adjusted their estimates higher for EPS and revenues. Analysts generally rate Chevron stock as Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
Chevron is scheduled to hold a conference call at 11:00 a.m. ET and it can be accessed here: https://edge.media-server.com/m6/p/qemoszgo
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.