Chevron has become one of the most searched-for stocks on Zacks.com, with shares returning +7.6% over the past month against a -2% change for the Zacks S&P 500 composite, while the Zacks Oil and Gas - Integrated - International industry gained 6.3%. For the current quarter, Chevron is expected to post earnings of $4.89 per share, a change of +164.3% from the year-ago quarter, and the Zacks Consensus Estimate has moved +9.1% over the last 30 days. The consensus earnings estimate of $16.51 for the current fiscal year indicates a year-over-year change of +126.5% and has changed +4.1% over the last 30 days, while the next fiscal year's consensus estimate of $14.66 indicates a change of -11.2% and has changed +4.8% over the past month. The consensus sales estimate for the current quarter of $55.07 billion indicates a year-over-year change of +10.7%, with current and next fiscal year estimates of $228.85 billion and $217.28 billion indicating +21.1% and -5.1% changes, respectively. Chevron reported revenues of $70.06 billion in the last reported quarter, a year-over-year change of +56.3%, with EPS of $6.06 versus $1.77 a year ago, and the stock carries a Zacks Rank #3 (Hold) and a Zacks Value Style Score of B.
Chevron CorpChevron's earnings estimates have risen (+9.1% over 30 days) with strong expected EPS growth, drawing investor attention.
