Chevron Corporation (CVX) is projected to report earnings of $2.88 per share for the current quarter, reflecting a year-over-year decrease of 6.5%, with the Zacks Consensus Estimate having adjusted down by 5.6% in the last 30 days. For the current fiscal year, analysts expect earnings of $12.45, a 5.2% decline compared to the prior year. Conversely, the estimate for the next fiscal year stands at $14.99, indicating a potential increase of 20.4% compared to last year.
In terms of revenue, Chevron’s current quarter consensus sales estimate is $50.78 billion, a year-over-year growth of 3.9%. For the fiscal years ahead, projected revenues are $202.87 billion and $218.7 billion, showing 1% and 7.8% growth, respectively. The company reported revenues of $48.72 billion in the last quarter, a 4.1% decrease year-over-year, and beat EPS estimates by 3.17%.
Chevron’s stock is rated Zacks Rank #3 (Hold), indicating it may perform in line with the broader market in the near term. The stock remains poised for attention amid an industry downturn, with projections and market dynamics influencing its future price movements.
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