Chevron Underperforms with 1.66% Drop Ahead of $1.53 Q1 EPS Forecast
Chevron shares fell 1.66%, underperforming the S&P 500 and energy sector after a prior 3.75% rise that trailed the sector’s 6.06% gain. Analysts forecast Q1 EPS of $1.53 (−29.8% YoY) on $46.92 billion revenue (−1.45% YoY), highlighting a sharp earnings contraction.
1. Recent Price Performance
Chevron shares fell 1.66%, underperforming the S&P 500’s 0.21% loss and the energy sector’s 6.06% advance, reversing a previous session’s 3.75% rise that trailed sector peers.
2. Q1 Earnings Estimates
Analysts forecast Q1 EPS of $1.53, down 29.8% year-over-year, on revenue of $46.92 billion, a 1.45% decline from the prior-year quarter, signaling slowing top-line growth.
3. Premium Valuation Metrics
The stock trades at a forward P/E ratio of 28.44, a steep premium to the industry average of 12.72, and carries a PEG ratio of 1.91 above the 1.55 sector norm.
4. Analyst Revision Trends
Over the past month, the consensus EPS estimate rose 1.66%, while Chevron holds a Zacks Rank #3 (Hold), reflecting moderate optimism despite near-term headwinds.