Chevron Corporation

🇺🇸New York Stock Exchange
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Chevron Corporation stock analysis CVX overview
Neutral +4

Chevron (CVX) Increases Despite Market Slip: Here's What You Need to Know

📈 Chevron (CVX) closed at $211.15, gaining 1.62% and outperforming the S&P 500's 1.67% loss.

📉 In contrast to CVX, the Dow fell 1.73% and the Nasdaq dropped 2.15% during the trading session.

📊 CVX stock has risen 12.83% over the past month, leading the Oils-Energy sector's 10.72% gain.

💰 Analysts expect Chevron to report quarterly earnings per share of $1.77, which is down 18.81% from the prior-year quarter.

📉 Revenue is forecasted at $46.94 billion, indicating a 1.42% decline compared to the same quarter last year.

💵 Full-year consensus estimates project earnings of $8.05 per share and revenue of $193.17 billion.

➕ Year-over-year projections show +10.43% earnings growth and +2.19% revenue growth for the full year.

🧠 Recent positive analyst estimate revisions have pushed Zacks Consensus EPS estimates up 20.88% over the past month.

🏆 Chevron currently holds a Zacks Rank of #3, which indicates a Hold recommendation.

💰 The company trades at a Forward P/E ratio of 25.82, reflecting a premium over the industry average of 11.22.

📐 The stock has a PEG ratio of 1.73 compared to the industry average of 1.17.

🌍 Chevron belongs to the Oil and Gas - Integrated - International industry, which ranks in the top 17% across all industries.

Bullish Signals
  • Chevron stock gained 1.62% today, closing at $211.15, significantly outperforming the S&P 500 which dropped 1.67% and the Nasdaq which declined 2.15%.
  • The company's share price has risen by 12.83% over the past month, leading the broader Oils-Energy sector's gain of 10.72%.
  • Full-year earnings are forecasted at $8.05 per share, representing a positive 10.43% increase from the preceding year.
  • Full-year revenue is projected to reach $193.17 billion, indicating growth of +2.19% compared to the prior year.
  • The Oil and Gas - Integrated - International industry holds a Zacks Industry Rank of #40, placing it within the top 17% of over 250 industries tracked.
  • Chevron's PEG ratio of 1.73 incorporates expected earnings growth, indicating analysts have factored positive expansion potential into their valuations.
Risk Factors
  • The upcoming quarterly earnings are expected to show a significant decline, with EPS projected at $1.77, which represents an 18.81% drop compared to the prior-year quarter.
  • Revenue for the near-term release is forecasted to be $46.94 billion, indicating a concerning 1.42% decline from the corresponding quarter of the prior year.
  • Chevron's Forward P/E ratio of 25.82 suggests a significant premium compared to the industry's average of 11.22, potentially overvaluing the stock.
  • The company's PEG ratio stands at 1.73, which is substantially higher than the Oil and Gas - Integrated - International industry average of 1.17, raising concerns about earnings quality relative to growth.
  • Chevron currently holds a Zacks Rank of #3 (Hold), indicating a neutral stance that does not reflect strong buy or aggressive outperformance expectations.
Full Analysis
Chevron Corporation (CVX) closed its most recent trading session at $211.15, marking a 1.62% gain despite a broader market decline. The stock significantly outperformed major indices on the day, rising while the S&P 500 lost 1.67%, the Dow dropped 1.73%, and the Nasdaq fell 2.15%. Over the past month, CVX has appreciated by 12.83%, substantially leading the Oils-Energy sector's 10.72% gain and contrasting with the S&P 500's monthly loss of 6.15%. Investors are anticipating Chevron's upcoming earnings report, with consensus estimates projecting an earnings per share (EPS) of $1.77, representing an 18.81% decrease compared to the prior-year quarter. The expected revenue for this period is estimated at $46.94 billion, a 1.42% decline from the previous year's quarter. For the full year, Zacks Consensus Estimates project EPS of $8.05 and revenue of $193.17 billion, reflecting anticipated growth of +10.43% and +2.19%, respectively, from the preceding year. In terms of valuation metrics, Chevron is trading at a Forward P/E ratio of 25.82, which indicates a premium against its industry average Forward P/E of 11.22. The stock also has a Price-to-Earnings Growth (PEG) ratio of 1.73, higher than the Oil and Gas - Integrated - International industry average of 1.17. Chevron currently holds a Zacks Rank of #3 (Hold), and its consensus EPS estimate has moved 20.88% higher recently. The company belongs to an industry with a Zacks Industry Rank of 40, placing it in the top 17% out of over 250 industries analyzed.