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CVX
Benzinga
18 mins

Top Wall Street Forecasters Revamp Chevron Expectations Ahead Of Q3 Earnings

1. Chevron will report Q3 earnings on Oct. 31, projecting lower profits. 2. Analysts expect earnings to fall to $1.71 per share from $2.51. 3. Projected revenue is $49.01 billion, down from $50.67 billion YoY. 4. Chevron requested input on LNG project delays, raising concerns. 5. Chevron shares fell 1% to $153.52 ahead of earnings.

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FAQ

Why Bearish?

Lower earnings expectations correlate with potential stock price decline. Historical trends show lower earnings often lead to negative market reactions.

How important is it?

The article highlights significant earnings drops that may lead to lower investor sentiment and selling pressure. Additionally, analyst ratings show mixed sentiments, indicating uncertainty.

Why Short Term?

Earnings announcements typically impact stock prices immediately. This can influence CVX's performance in the coming weeks.

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