Occidental Petroleum Slumps 3.7% as Q4 EPS Forecast Plunges 76% to $0.19
Occidental Petroleum shares fell 3.7% in the latest session, underperforming the S&P 500's 1.57% drop. Analysts project Q4 EPS of $0.19, down 76.25% y/y on revenue of $5.88 billion (-13.96%), while full-year EPS and revenue estimates sit at $2.11 (-39.02%) and $25.96 billion (-3.41%).
1. Recent Stock Performance
Occidental Petroleum shares declined 3.7% in the latest session, lagging the S&P 500's 1.57% drop, and underperformed the Oils-Energy sector's one-month gain of 16.6% with a 6.59% rise over that period.
2. Q4 Earnings Projections
Analysts forecast Q4 EPS of $0.19, a 76.25% y/y decline, on revenue of $5.88 billion, down 13.96% from the prior-year quarter.
3. Full-Year Estimates
Full-year consensus estimates stand at EPS of $2.11, down 39.02% y/y, with revenue expected at $25.96 billion, a 3.41% decrease from last year.
4. Valuation and Rankings
Occidental trades at a forward P/E of 72.8 versus the industry average of 20.02 and holds a Zacks Rank of #4 (Sell) after a 44.8% EPS estimate cut over the past 30 days.