Friday is another big day in the earnings calendar, especially for the oil and gas industry. Exxon Mobil Corporation (NYSE:XOM), now the most valuable company in the world, will report its earnings for the last three months of 2012 alongside Chevron Corporation (NYSE:CVX). National-Oilwell Varco, Inc. (NYSE:NOV), a related company will also report.
Outside of the oil industry, a spirits company BEAM Inc. (NYSE:BEAM), a toy company Mattel Inc. (NASDAQ:MAT), a food producer Tyson Foods Inc. (NYSE:TSN) and a pharmaceuticals company Merck & Co. Inc. (NYSE:MRK) will also report.
The reports will cap off a busy week for earnings, here’s what analysts are expecting from these seven giants.
Exxon Mobil Corporation (NYSE:XOM): Analysts are looking for earnings of $1.99 per share when the oil giant reports its earnings on Friday morning before the market opens. Revenues for the quarter are expected to come in it $126 billion according to consensus estimates. In the same period in 2011, the company earned $1.97 per share, and took in revenues of $122 billion.
If Exxon Mobil Corporation hits analysts targets when it reports on Friday, it will have earned $7.87 per share for the twelve months of 2012. Total Revenues for 2012 are expected to come in at $466 billion, according to consensus estimates. The company’s 2011 results showed earnings per share of $8.42 on twelve month revenues of $486 billion.
In the last twelve months, Exxon Mobil Corporation (NYSE:XOM) investors have seen the company’s shares increase by a fraction less than 9 percent, trailing the S&P 500. In anticipation of this earnings report, however, the company’s stock has risen by more than 5 percent in value, suggesting that investors are at least a little hopeful about the company’s fourth quarter results. The company is battling on despite volatility in the marketplace.
Chevron Corporation (NYSE:CVX): Another big oil companies will report on Friday; Chevron Corporation is expected to post earnings of £3.05 per share when it releases its fourth quarter result on February 1st. Revenues for the three-month period are expected to come in at around $63.1 billion.
In the same period in 2011, the company recorded earnings of $2.58 per share and revenues of $58 billion. Full year earnings, if Chevron Corporation meets analysts’ consensus targets, will come in at $12.51 per share. Revenues for the full twelve months is expected to come in at $242 billion. For 2011, Chevron Corporation (NYSE:CVX) earned $13.44 per share, on full year revenue of $244 billion.
Chevron Corporation shares have risen by more than 13 pecent in the last twelve months, and by almost 8 percent in the opening weeks of 2013. The company’s growth in 2013, and investor confidence surrounding the company, may come from it investments, which are expected to give returns in the year ahead.
National-Oilwell Varco, Inc. (NYSE:NOV): The last of the big oil industry firms is also reporting earnings on Friday; National Oilwell Varco is expected to report fourth quarter earnings of $1.44 per share. Revenues for the last three months of 2012 are expected to come in at $5.3 billion.
The oil exploration equipment supplier earned $1.37 per share in the fourth quarter of 2011. The same quarter saw the company bring in revenues of $4.3 billion. Should the company meet expectations on Friday, it will post total 2012 earnings of $5.85 per share. Earnings for the full year of 2011 were $4.77, and 2010 saw the company earn just $4.09 per share.
The company’s earnings growth is mirrored in its revenue. The company is expected to bring in full year revenues of $19.6 billion for 2012. In 2011 the company took in revenues totaling $14.7 billion, and in 2010 the firm’s revenue was just $12.2 billion. Investors have failed to reflect the company’s growth in stock prices in the last twelve months. National-Oilwell Varco shares are down a fraction in the last year’s trading.
For the opening weeks of 2013, however, National-Oilwell Varco, Inc. (NYSE:NOV) shares have risen by more than 7 percent. We’ve looked at NOV before as an interesting investment prospect, because of its low valuation and high growth. Friday’s earnings, and the market’s response, should be interesting.
Merck & Co., Inc. (NYSE:MRK): One of the world’s most valuable pharmaceuticals companies, Merck & Co., Inc. will announce earnings before the market opens on Friday. Analysts are looking for earnings per share of 81 cents per share for the company’s last three months of 2012. Revenues for the quarter are expected to come in at $11.5 billion according to analyst estimates.
In the fourth quarter of 2011, Merck & Co. Inc. earned 97 cents per share, and took in revenues of $12.3 billion. If the company hits analyst targets this time around, it will record earnings of $3.80 for the full year 2012, on total revenues of $47 billion. In 2011, Merck & Co., Inc. (NYSE:MRK) earned $3.77 per share on $48 billion.
Investors appear to be behind Merck, despite a relatively high valuation. the firm is trading at a P/E of almost 20 after 13 percent growth in value in the last twelve months. The only large cap pharmaceuticals company trading at a higher multiple is Pfizer Inc. (NYSE:PFE).
Tyson Foods, Inc. (NYSE:TSN): Analysts are looking for earnings of 41 cents per share for the last three months of 2012 when Tyson Foods releases its earnings report before the market opens on Friday morning. The quarter is the first in Tyson’s 2013 fiscal year.
In the last three months of 2011, Tyson Foods, Inc. (NYSE:TSN) announced earnings of 42 cents per share. Revenues in the last three months of 2011 came in at $8.3 billion. For the same period in 2012 revenues are expected to come in at $8.6 billion. Shares in Tyson Foods were rallying in anticipation of this earnings report. The company has seen its stock rise by more than 14 percent in the opening weeks of 2013.
For the last twelve months, the company’s stock price has increased by a shade under 19 percent. After the firm reported its earnings for the full year 2012 last Novvember, investors began to become bullish on the company. The firm also added a special dividend in the wake of an exceptional 2012, and tax increases this year.
Mattel, Inc. (NASDAQ:MAT): The company known for making Barbie dolls will report earnings before the market opens on Friday. Analysts are looking for earnings of $1.15 per share. Being a toy company, the best quarter by far for Mattel is the fourth quarter of each year, the one they’re reporting on Friday.
Revenues for the last three months of 2012 are expected to come in at around $2.3 billion. In the fourth quarter of 2011, Mattel, Inc. (NASDAQ:MAT) earned $1.07 per share. Revenues for the fourth quarter of 2011 came in at $2.2 billion. For 2012, analysts consensus estimates point to total earnings of $2.53 per share, on full year revenues of $6.5 billion.
The full year 2011 saw the company earn $2.18 per share on $6.3 billion. Shares in the toy maker have risen by almost 20 percent in the last twelve months, and have risen by a little over 1 percent in the opening weeks of 2013 in anticipation of Friday’s earnings report. A closer look at Mattel Inc. (NASDAQ:MAT) and its performance over the last decade, and more, is available at this link.
BEAM Inc (NYSE:BEAM): The alcoholic spirits manufacturer and distributor will release its earnings for the fourth quarter of 2012 before the market opens on Friday. The company is expected to record earnings per share of 68 cents per share for the period on revenues totaling $699 million. In the same three months of 2011, the company posted earnings of 69 cents per share on revenues of $638 million.
For the full year 2012, the company is expected to post earnings of $2.40 per share. Revenues for the entire twelve months are expected to come to $2.5 billion according to analyst estimates. In 2011 the company earned $2.12 per share on revenue of $2.3 billion. Investors have taken note of BEAM Inc (NYSE:BEAM) in the last twelve months, and even hedge fund heavyweight Mario Gabelli has gotten in on the action.
Shares in the company have increase by more than 18 percent in the last twelve months, though investors have begun to pull back in the first month of 2013. In January, the firm’s stock has increased by a little over 1 percent, indicating that investors are unsure about the earnings report due to be released on Friday.
