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 ...
