What Does Wall Street See for Chevron's Q1?

Seth Jayson, The Motley Fool
Updated

Chevron (NYS: CVX) is expected to report Q1 earnings on April 10. Here's what Wall Street wants to see:

The 10-second takeaway
 Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Chevron's revenues will grow 21.5% and EPS will compress -2.8%.

The average estimate for revenue is $73.77 billion. On the bottom line, the average EPS estimate is $3.08.


Revenue details
 Last quarter, Chevron notched revenue of $60.55 billion. GAAP reported sales were 3.9% lower than the prior-year quarter's $56.31 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 Last quarter, non-GAAP EPS came in at $2.99. GAAP EPS of $3.70 for Q4 were 44% higher than the prior-year quarter's $2.57 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
 For the preceding quarter, gross margin was 29.6%, 170 basis points better than the prior-year quarter. Operating margin was 14.2%, much about the same as the prior-year quarter. Net margin was 13.4%, 430 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $260.01 billion. The average EPS estimate is $12.60.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 4,106 members out of 4,267 rating the stock outperform, and 161 members rating it underperform. Among 1,011 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 987 give Chevron a green thumbs-up, and 24 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Chevron is outperform, with an average price target of $125.29.

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The article What Does Wall Street See for Chevron's Q1? originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends Chevron. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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