Chevron is expected to post earnings of $4.89 per share for the current quarter, a year-over-year change of +164.3%, with the Zacks Consensus Estimate rising +3.7% over the last 30 days. For the current fiscal year, the consensus earnings estimate of $16.52 points to a change of +126.6% from the prior year and has moved +2.2% over the past month, while the next fiscal year's estimate of $14.67 indicates a -11.2% change and has risen +3.8% over the past month. The consensus sales estimate of $55.07 billion for the current quarter points to a year-over-year change of +10.7%, with the $229.69 billion and $217.28 billion estimates for the current and next fiscal years indicating changes of +21.5% and -5.4%, respectively. Chevron reported revenues of $70.06 billion in the last reported quarter, a year-over-year change of +56.3%, and EPS of $6.06 versus $1.77 a year ago, beating the Zacks Consensus Estimate of $57.53 billion by +21.78% on revenue with an EPS surprise of +4.48%. The recent change in the consensus estimate along with three other earnings-estimate factors has resulted in a Zacks Rank #3 (Hold) for Chevron, and the stock is graded A on the Zacks Value Style Score.
Chevron CorpZacks consensus earnings estimate for Chevron rose 3.7% over the last 30 days, with current-quarter EPS expected at $4.89 (+164.3% YoY).
