In the latest close session, Chevron (CVX) was up +2.88% at $233.21. The stock outpaced the S&P 500’s daily loss of 0.52%. Elsewhere, the Dow saw a downswing of 1.24%, while the tech-heavy Nasdaq depreciated by 0.21%.
Prior to today’s trading, shares of the oil company had gained 10.23% outpaced the Oils-Energy sector’s gain of 5.63% and the S&P 500’s loss of 1.21%.
The investment community will be closely monitoring the performance of Chevron in its forthcoming earnings report. The company is scheduled to release its earnings on October 30, 2026. The company’s earnings per share (EPS) are projected to be $4.78, reflecting a 158.38% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $60.49 billion, indicating a 21.64% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $18.2 per share and revenue of $240.94 billion, which would represent changes of +149.66% and +27.46%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Chevron. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts’ favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 10.15% higher. Chevron is currently a Zacks Rank #1 (Strong Buy).
With respect to valuation, Chevron is currently being traded at a Forward P/E ratio of 12.45. For comparison, its industry has an average Forward P/E of 7.69, which means Chevron is trading at a premium to the group.
It is also worth noting that CVX currently has a PEG ratio of 0.54. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate. The Oil and Gas – Integrated – International industry currently had an average PEG ratio of 0.7 as of yesterday’s close.
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
