Insights into Chevron's Upcoming Earnings

Chevron (NYSE:CVX) is set to give its latest quarterly earnings report on Friday, 2024-11-01. Here's what investors need to know before the announcement.

Analysts estimate that Chevron will report an earnings per share (EPS) of $2.77.

Anticipation surrounds Chevron's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Overview of Past Earnings

During the last quarter, the company reported an EPS missed by $0.38, leading to a 0.0% drop in the share price on the subsequent day.

Here's a look at Chevron's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

2.93

2.68

3.21

3.33

EPS Actual

2.55

2.93

3.45

3.05

Price Change %

-3.0%

0.0%

3.0%

-7.000000000000001%

Market Performance of Chevron's Stock

Shares of Chevron were trading at $148.05 as of October 30. Over the last 52-week period, shares are up 1.02%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analyst Views on Chevron

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Chevron.

Analysts have given Chevron a total of 12 ratings, with the consensus rating being Outperform. The average one-year price target ...