Chevron (CVX) earnings are tomorrow on 1/28 at 6am. Chevron (CVX) reported Q3 September 2021 earnings of $2.96 per share on revenue of $44.7 billion. The consensus earnings estimate was $2.21 per share on revenue of $40.4 billion. As you can see from this Fundamental analysis, Chevron has a high price right now with its P/E above average, based on the past 7 years. I'm posting this as short because there's hardly any upside left. Even with inflation worries CVX is trading at a higher P/E than many companies nowadays. I don't buy into dinosaur juice bulls thesis WTI absurd price target for the rest of the year.
Q4 December 2021 Consensus: EPS = $3.10 Revenue = 43.92B
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation
7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list