Chevron closed at $207.10, up 1.42% from the prior session, outpacing the S&P 500's 0.2% gain as the Dow rose 0.04% and the Nasdaq added 0.04%. The oil company is expected to report earnings per share of $4.89 for its upcoming quarter, a 164.32% increase from the prior-year quarter, on revenue of $57 billion, representing 14.64% growth. For the full year, consensus estimates project earnings of $16.98 per share and revenue of $232.5 billion, changes of +132.92% and +22.99% respectively from the prior year. Over the past month, the consensus EPS estimate has moved 4.6% higher, and Chevron holds a Zacks Rank of #2 (Buy). The stock trades at a forward P/E of 12.02, a premium to its industry's 7.94, with a PEG ratio of 0.58 versus the industry average of 0.62.
Chevron CorpChevron beat expected earnings with consensus EPS of $4.89, up 164% YoY, and holds a Zacks Rank #2 (Buy).
