In se
In search of a inventory that has been persistently beating earnings estimates and may be effectively positioned to maintain the streak alive in its subsequent quarterly report? Chevron (CVX), which belongs to the Zacks Oil and Fuel – Built-in – Worldwide business, may very well be an excellent candidate to think about.
This oil firm has a longtime document of topping earnings estimates, particularly when trying on the earlier two stories. The corporate boasts a mean shock for the previous two quarters of 19.31%.
For the latest quarter, Chevron was anticipated to put up earnings of $1.47 per share, nevertheless it reported $1.59 per share as an alternative, representing a shock of 8.16%. For the earlier quarter, the consensus estimate was $1.74 per share, whereas it truly produced $2.27 per share, a shock of 30.46%.
Value and EPS Shock
With this earnings historical past in thoughts, current estimates have been transferring increased for Chevron. In truth, the Zacks Earnings ESP (Anticipated Shock…