S&P 500 (NYSE:SPY) component ExxonMobil (NYSE:XOM) will unveil its latest earnings tomorrow, Friday, February 1, 2013. ExxonMobil Corporation produces and sells crude oil, natural gas and petroleum products.
ExxonMobil Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.99 per share, a rise of 1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $2.01. Between one and three months ago, the average estimate moved down. It has risen from $1.96 during the last month. For the year, analysts are projecting net income of $7.86 per share, a decline of 6.7% from last year.
Past Earnings Performance: Last quarter, the company topped expectations by 13 cents, coming in at profit of $2.09 per share versus a mean estimate of net income of $1.96 per share. This followed two straight quarters of missing estimates.
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A Look Back: In the third quarter, profit fell 7.4% to $9.57 billion ($2.09 a share) from $10.33 billion ($2.13 a share) the year earlier, but exceeded analyst expectations. Revenue fell 4.7% to $115.71 billion from $121.42 billion.
Here’s how ExxonMobil traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: