ExxonMobil Earnings on Deck
S&P 500 (NYSE:SPY) component ExxonMobil (NYSE:XOM) will unveil its latest earnings on Thursday, November 1, 2012. ExxonMobil Corporation produces and sells crude oil, natural gas and petroleum products.
ExxonMobil Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for net income of $1.96 per share, a decline of 8% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from $1.82. Between one and three months ago, the average estimate moved up. It has risen from $1.88 during the last month. Analysts are projecting profit to rise by 8.4% versus last year to $7.71.
Past Earnings Performance: For the past three quarters, the company’s quarterly results have come in below analyst’s expectations. Last quarter, the company reported profit of $1.80 per share versus a mean estimate of net income of $1.95 per share.
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A Look Back: In the second quarter, profit rose 49% to $15.91 billion ($3.41 a share) from $10.68 billion ($2.18 a share) the year earlier, but fell short analyst expectations. Revenue rose 4.6% to $127.36 billion from $121.77 billion.
Wall St. Revenue Expectations: Analysts are projecting a decline of 10.3% in revenue from the year-earlier quarter to $112.4 billion.
Stock Price Performance: Between August 2, 2012 and October 26, 2012, the stock price rose $4.74 (5.5%), from $85.88 to $90.62. The stock price saw one of its best stretches over the last year between February 15, 2012 and February 24, 2012, when shares rose for seven straight days, increasing 3.8% (+$3.22) over that span. It saw one of its worst periods between May 24, 2012 and June 5, 2012 when shares fell for eight straight days, dropping 6.1% (-$5.01) over that span.
On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 31.5% in the third quarter of the last fiscal year, 13.8% in the fourth quarter of the last fiscal year and 13.5% in the first quarter before increasing again in the second quarter.
The company enters this earnings announcement with steady profits recently. Net income has risen year-over-year average of 20% for the last four quarters.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.04 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term.
Analyst Ratings: There are mostly holds on the stock with eight of 15 analysts surveyed giving that rating.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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