Earnings season is upon us, which means that countless publicly traded companies continue to release quarterly earnings reports, updating investors on the company’s financial results and providing insight on how the economy has performed throughout the past quarter.
However, the insane amount of press releases during earnings season make it easy to for investors to become lost in the ocean of reports. Fortunately, the Zacks Earnings Calendar lists each company that is expected to report earnings on any given calendar date, making it a useful organizational tool for any investor.
With that said, let’s break down a few of the most important upcoming reports. Check out these four major companies that will release earnings reports on Friday, July 28:
Exxon Mobil Corporation (XOM – Free Report) ) – Friday, July 28 – Before Market Open
Crude oil giant Exxon Mobil will release its quarterly earnings report tomorrow morning before the market opens. Our Zacks Consensus Estimate calls for revenues of $61.16 billion, which would represent year-over-year growth of 6%. Additionally, the company is projected to report earnings of $0.83 per share, which would constitute year-over-year growth of a whopping 101.90%.
Exxon has collaborated with Russia for exploring potential commercial reserves in the country, yet tensions between the United States and Russia might lead to sanctions on the country. This would thwart any attempt Exxon could make to capitalize on oil reserves within Russia. Also, Exxon features a dividend yield of 3.8%, which is one of the lowest among major energy firms and sits below the industry average of 4.76%. These facts, along with a Zacks Rank #4 (Sell), should turn heads for the wrong reasons as the company prepares to release its earnings report.
Chevron Corporation (CVX – Free Report) ) – Friday, July 28 – Before Market Open
Energy behemoth Chevron is expected to post its quarterly earnings report before the market opens on July 28. Our Zacks Consensus Estimate calls for Chevron to real in $31.18 billion in revenues and report earnings of $0.89 per share, which would constitute strong year-over-year growth of 6.49% and 85.68%, respectively.
