Various companies are expected to report earnings, with some showing growth and others a decline

From Nasdaq: 2024-08-01 16:00:01

Exxon Mobil Corporation (XOM) is expected to report a consensus earnings per share of $2.04 for the quarter ending June 30, 2024, representing a 5.15% increase from the same period last year. Zacks Investment Research suggests that XOM’s 2024 Price to Earnings ratio of 13.71 indicates higher earnings growth than industry competitors, such as Chevron Corporation (CVX).

Chevron Corporation is projected to report an earnings per share of $2.88 for the quarter ending June 30, 2024, marking a 6.49% decrease from the previous year. With a 2024 Price to Earnings ratio of 12.89, CVX is expected to have higher earnings growth compared to the industry average.

Linde plc (LIN) is anticipated to report earnings per share of $3.79 for the quarter ending June 30, 2024, indicating a 6.16% increase year-over-year. LIN has consistently exceeded expectations over the past year, boasting a Price to Earnings ratio of 29.28, implying robust earnings growth relative to industry peers.

Other companies like Enbridge Inc (ENB), Imperial Oil Limited (IMO), and LyondellBasell Industries NV (LYB) are also expected to post earnings for the same quarter, with analysts forecasting varying levels of growth or decline in earnings per share, based on past performance and industry comparisons. Ares Management Corporation (ARES), Church & Dwight Company, Inc. (CHD), PPL Corporation (PPL), Cboe Global Markets, Inc. (CBOE), Plains All American Pipeline, L.P. (PAA), and Magna International, Inc. (MGA) are included in this group of anticipated earnings reports.



Read more at Nasdaq:: Pre-Market Earnings Report for August 2, 2024 : XOM, CVX, LIN, ENB, IMO, LYB, ARES, CHD, PPL, CBOE, PAA, MGA