In the latest trading session, Chevron (CVX) closed at $183.86, marking a +1.24% move from the previous day. This change outpaced the S&P 500's 0.51% loss on the day. At the same time, the Dow lost 0.2%, and the tech-heavy Nasdaq lost 1.47%.
Shares of the oil company have appreciated by 2.26% over the course of the past month, outperforming the Oils-Energy sector's gain of 0.92%, and the S&P 500's gain of 0.53%.
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 July 31, 2026. It is anticipated that the company will report an EPS of $5.6, marking a 216.38% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $56.17 billion, up 25.31% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $14.75 per share and a revenue of $216.65 billion, demonstrating changes of +102.33% and +14.61%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Chevron. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 7.11% downward. Right now, Chevron possesses a Zacks Rank of #3 (Hold).
Investors should also note Chevron's current valuation metrics, including its Forward P/E ratio of 12.31. This represents a premium compared to its industry average Forward P/E of 8.01.
It's also important to note that CVX currently trades at a PEG ratio of 0.64. 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. Oil and Gas - Integrated - International stocks are, on average, holding a PEG ratio of 0.62 based on yesterday's closing prices.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 234, placing it within the bottom 5% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Chevron Corporation (CVX): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).