Chevron (CVX) closed at $153.12 in the latest trading session, marking a +2.05% move from the prior day. This change outpaced the S&P 500's 0.78% gain on the day. On the other hand, the Dow registered a gain of 1.14%, and the technology-centric Nasdaq increased by 0.61%.
The oil company's shares have seen an increase of 4.52% over the last month, surpassing the Oils-Energy sector's loss of 3.19% and falling behind the S&P 500's gain of 5.88%.
The upcoming earnings release of Chevron will be of great interest to investors. The company's earnings report is expected on August 1, 2025. In that report, analysts expect Chevron to post earnings of $1.67 per share. This would mark a year-over-year decline of 34.51%. Alongside, our most recent consensus estimate is anticipating revenue of $47.12 billion, indicating a 7.93% downward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $7.3 per share and a revenue of $191.49 billion, representing changes of -27.36% and -5.57%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Chevron. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 6.22% upward. Chevron is currently a Zacks Rank #3 (Hold).
In terms of valuation, Chevron is currently trading at a Forward P/E ratio of 20.56. This indicates a premium in contrast to its industry's Forward P/E of 11.25.
We can also see that CVX currently has a PEG ratio of 2.48. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Oil and Gas - Integrated - International industry had an average PEG ratio of 1.99 as trading concluded yesterday.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 188, finds itself in the bottom 24% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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Chevron Corporation (CVX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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