Having missed analysts' estimates last quarter, Occidental Petroleum (NYSE:OXY) gets a chance to make up for it as it delivers its latest earnings on Thursday, July 26, 2012.
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Analysts currently expect Occidental Petroleum to come in with earnings of $1.66 per share on revenues of $5.85 billion. Estimates from analysts range from earnings per share to earnings per share. Over the past three months, the average estimate has moved down from $2.11.
Recently, the stock price has been rising Since July 13, 2012 business days the stock has risen $1.87 per share.
Company Fundamental Trends
Analysts are bullish on the stock as 11 analysts rate it as a buy and there are no sell ratings. Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.
Last Quarter's Results
In the first quarter, profit rose 0.6% to $1.56 billion ($1.92 a share) from $1.55 billion ($1.90 a share) the year earlier, but fell short analyst expectations. Revenue rose 9.5% to $6.27 billion from $5.73 billion.
Reporting Period: 2Q
Date of Release: Thursday, July 26, 2012
Revenue Estimate: $5.85 billion
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)