Chevron (NYSE: CVX ) is expected to report Q2 earnings on July 27. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Chevron's revenu will drop -9.4% and EPS will shrink 15.1%.
The average estimate for revenue is $60.40 billion. On the bottom line, the average EPS estimate is $3.27.
Last quarter, Chevron notched revenue of $58.90 billion. GAAP reported sales were 1.5% higher than the prior-year quarter's $56.28 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $3.17. GAAP EPS of $3.27 for Q1 were 5.8% higher than the prior-year quarter's $3.09 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 30.9%, 130 basis points worse than the prior-year quarter. Operating margin was 18.0%, 170 basis points better than the prior-year quarter. Net margin was 11.3%, 30 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $255.85 billion. The average EPS estimate is $12.69.
The stock has a five-star rating (out of five) at Motley Fool CAPS. Among 994 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 971 give Chevron a green thumbs-up, and 23 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Chevron is outperform, with an average price target of $125.00.
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