Occidental Petroleum Earnings Preview: What to Expect
Ahead of the event, analysts expect OXY to report a profit of $0.33 per share on a diluted basis, down 68% from $1.03 per share in the year-ago quarter. The company has consistently surpassed Wall Street's EPS estimates in its last four quarterly reports.
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For the full year, analysts expect OXY to report EPS of $2.28, down 34.1% from $3.46 in fiscal 2024. However, its EPS is expected to rise 10.5% year-over-year to $2.52 in fiscal 2026.
OXY stock has considerably underperformed the S&P 500 Index's ($SPX) 12.7% gains over the past 52 weeks, with shares down 31% during this period. Similarly, it underperformed the Energy Select Sector SPDR Fund's (XLE )7% losses over the same time frame.
On May 7, OXY reported its Q1 results, and its shares closed up more than 6% in the following trading session. Its adjusted EPS of $0.87 surpassed Wall Street expectations of $0.73. The company's revenue was $6.8 billion, falling short of Wall Street forecasts of $7.2 billion.
Analysts' consensus opinion on OXY stock is cautious, with a 'Hold' rating overall. Out of 23 analysts covering the stock, three advise a 'Strong Buy' rating, two suggest a 'Moderate Buy,' 16 give a 'Hold,' and two recommend a 'Strong Sell.' OXY's average analyst price target is $49.25, indicating a potential upside of 13.1% from the current levels.
On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
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