On Monday, August 10, Occidental Petroleum OXY will report its last quarter's earnings. Here is Benzinga's preview of the company's release.
Earnings and Revenue
Wall Street expects EPS of $-1.67 and sales around $3.88 billion. In the same quarter last year, Occidental Petroleum reported earnings per share of $0.97 on sales of $4.48 billion. If the company were to match the consensus estimate when it reports Monday, EPS would have fallen 272.16%. Here's how the company's EPS has stacked up against analyst estimates in the past:
| Quarter | Q1 2020 | Q4 2020 | Q3 2019 | Q2 2019 |
|---|---|---|---|---|
| EPS Estimate | -0.62 | -0.17 | 0.38 | 0.98 |
| EPS Actual | -0.52 | -0.30 | 0.11 | 0.97 |
| Revenue Estimate | 5.18 B | 6.45 B | 5.55 B | 4.42 B |
| Revenue Actual | 6.45 B | 6.80 B | 5.87 B | 4.48 B |
Stock Performance
Over the last 52-week period, shares are down 66.26%. Given that these returns are generally negative, long-term shareholders are probably unhappy going into this earnings release.
Don't be surprised to see the stock move on comments made during its conference call. Occidental Petroleum is scheduled to hold the call at 11:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/qh92n9bo
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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