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What Does Wall Street See for Chevron's Q1?

By Seth Jayson - Updated Apr 10, 2017 at 1:55PM

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Checking expectations

Chevron (NYSE: CVX) is expected to report Q1 earnings on April 10. 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 revenues will grow 21.5% and EPS will compress -2.8%.

The average estimate for revenue is $73.77 billion. On the bottom line, the average EPS estimate is $3.08.

Revenue details
Last quarter, Chevron notched revenue of $60.55 billion. GAAP reported sales were 3.9% lower than the prior-year quarter's $56.31 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $2.99. GAAP EPS of $3.70 for Q4 were 44% higher than the prior-year quarter's $2.57 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 29.6%, 170 basis points better than the prior-year quarter. Operating margin was 14.2%, much about the same as the prior-year quarter. Net margin was 13.4%, 430 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $260.01 billion. The average EPS estimate is $12.60.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 4,106 members out of 4,267 rating the stock outperform, and 161 members rating it underperform. Among 1,011 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 987 give Chevron a green thumbs-up, and 24 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 $125.29.

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