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Chevron (CVX) Outpaces Stock Market Gains: What You Should Know

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Chevron (CVX) closed at $100.60 in the latest trading session, marking a +0.54% move from the prior day. This move outpaced the S&P 500's daily gain of 0.15%.

Prior to today's trading, shares of the oil company had gained 2.92% over the past month. This has lagged the Oils-Energy sector's gain of 7.33% and outpaced the S&P 500's loss of 0.58% in that time.

CVX will be looking to display strength as it nears its next earnings release. In that report, analysts expect CVX to post earnings of $2.12 per share. This would mark year-over-year growth of 1827.27%. Our most recent consensus estimate is calling for quarterly revenue of $41.34 billion, up 69.08% from the year-ago period.

CVX's full-year Zacks Consensus Estimates are calling for earnings of $6.73 per share and revenue of $145.92 billion. These results would represent year-over-year changes of +3465% and +54.1%, respectively.

It is also important to note the recent changes to analyst estimates for CVX. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 moved 1.22% higher. CVX is currently sporting a Zacks Rank of #3 (Hold).

Investors should also note CVX's current valuation metrics, including its Forward P/E ratio of 14.86. This valuation marks a premium compared to its industry's average Forward P/E of 8.18.

Investors should also note that CVX has a PEG ratio of 2.97 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Oil and Gas - Integrated - International stocks are, on average, holding a PEG ratio of 0.55 based on yesterday's closing prices.

The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 79, putting it in the top 32% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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