Occidental Petroleum is drawing heavy investor attention, with the oil and gas exploration and production company's shares returning +4.6% over the past month against a -2% change for the Zacks S&P 500 composite, while the Zacks Oil and Gas - Integrated - United States industry gained 5.4%. Occidental is expected to post earnings of $1.37 per share for the current quarter, a year-over-year change of +114.1%, and the Zacks Consensus Estimate has moved +6.6% over the last 30 days. For the current fiscal year, the consensus earnings estimate of $6.2 points to a change of +180.5% from the prior year, while the next fiscal year's estimate of $4.21 indicates a -32.1% change. Occidental is rated Zacks Rank #3 (Hold), and the consensus sales estimate for the current quarter of $6.69 billion indicates a year-over-year change of -0.5%, with current and next fiscal year estimates of $26.89 billion and $24.78 billion. In the last reported quarter, Occidental posted revenues of $8.33 billion, a year-over-year change of +29%, and EPS of $2.4 versus $0.39 a year ago, beating the Zacks Consensus revenue estimate of $7.18 billion by +16.03% and the EPS estimate by +25%.
Occidental Petroleum CorporationOccidental's earnings estimates have been revised up (+6.6% over 30 days) with expected +114.1% YoY EPS growth, drawing investor attention.
