Earnings season is coming to a close. While Facebook Inc (NASDAQ:FB) and Apple Inc. (NASDAQ:AAPL) were among the biggest gainers, Caterpillar Inc. (NYSE:CAT) and Expedia Inc (NASDAQ:EXPE) were among the big losers as their earnings missed Wall Street expectations. On Thursday, August 1, 2013, CME Group Inc (NASDAQ:CME), ConocoPhillips (NYSE:COP) and Chesapeake Energy Corporation (NYSE:CHK) will be reporting their second quarter earnings for 2013.
Earnings Preview
CME Group Inc (CME)
CME Group Inc (NASDAQ:CME) shares have surged 50% this year so far without any revenues and price appreciation. Over the past month, Wall Street expectations for the company have consistently risen. Analysts now project the company to earn 90 cents a share with $803.8 million in revenues for the quarter. The consensus estimate shows that Wall Street expects CME Group Inc (NASDAQ:CME)’s revenues to increase 1% and earnings to be almost flat compared to the corresponding period last year.
For the full year, analysts project EPS of $3.24 per share with $3.04 billion in revenues. Revenues of CME Group Inc (NASDAQ:CME) have fallen 11% YoY for the past four quarters, according to Forbes.
Chesapeake Energy Corporation (CHK)
Chesapeake Energy Corporation (NYSE:CHK) will be reporting its earnings before the bell. Analysts project earnings of 39 cents a share. At the beginning of the second quarter, the consensus estimate stood at 32 cents. Revenues are expected to decline 5% from the corresponding period last year to $3.21 billion. Chesapeake Energy Corporation (NYSE:CHK) remains focused on boosting its oil and gas production. The company is also trying to improve profits by cutting costs. For the full year, analysts expect $1.49 in EPS and $12.89 billion in revenues.
ConocoPhillips (COP)
Analysts expect ConocoPhillips (NYSE:COP) to report per share earnings of $1.29 on revenues of $12.75 billion, compared to $1.22 in EPS and $15.17 billion in revenues in the corresponding period of 2012. For the full year, analysts estimate the company to earn $5.56 per share with $54.61 billion in revenues.ConocoPhillips (NYSE:COP)’ revenues have been sliding for the four consecutive quarters. Nine analysts have given the stock a Buy rating, two have a Sell rating on ConocoPhillips (NYSE:COP) and six maintain a Hold rating on the stock.
