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Is Trending Stock Chevron Corporation (CVX) a Buy Now?
CVXChevron(CVX) ZACKS·2025-01-23 15:06

Core Viewpoint - Chevron has been trending as a highly searched stock, with recent performance indicating a potential for future price movements influenced by earnings estimates and revenue growth [1][2]. Earnings Estimate Revisions - Chevron is expected to report earnings of 2.19pershareforthecurrentquarter,reflectingayearoveryeardeclineof36.52.19 per share for the current quarter, reflecting a year-over-year decline of -36.5% [5]. - The consensus earnings estimate for the current fiscal year is 10.18, indicating a decrease of -22.5% from the previous year [5]. - For the next fiscal year, the consensus estimate is 11.28,suggestingayearoveryearincreaseof+10.811.28, suggesting a year-over-year increase of +10.8% [6]. - The Zacks Rank for Chevron is 3 (Hold), indicating a neutral outlook based on recent changes in earnings estimates [7]. Revenue Growth Forecast - The consensus sales estimate for the current quarter is 46.98 billion, showing a slight decline of -0.4% year-over-year [9]. - For the current fiscal year, the revenue estimate is 196.75billion,reflectingadecreaseof2.1196.75 billion, reflecting a decrease of -2.1%, while the next fiscal year's estimate is 199.26 billion, indicating a growth of +1.3% [9]. Last Reported Results and Surprise History - In the last reported quarter, Chevron generated revenues of 50.67billion,down6.350.67 billion, down -6.3% year-over-year, with an EPS of 2.51 compared to 3.05ayearago[10].ThereportedrevenuesexceededtheZacksConsensusEstimateof3.05 a year ago [10]. - The reported revenues exceeded the Zacks Consensus Estimate of 49.88 billion by +1.58%, and the EPS also surpassed estimates by +1.62% [11]. - Over the last four quarters, Chevron has exceeded consensus EPS estimates three times and revenue estimates twice [11]. Valuation - Chevron is graded B in the Zacks Value Style Score, indicating it is trading at a discount compared to its peers [15]. - The evaluation of Chevron's valuation multiples, such as P/E, P/S, and P/CF, suggests a reasonable assessment of its stock price relative to its historical values and peers [13][14].