Major Commodity Earnings This Week: FCX, HAL, VLO

As we enter the trenches of earnings season, investors and analysts alike are taking cues from today’s leading companies on where the economy is headed. Thus far, it seems that the results have been a mixed bag, with a number of firms smashing their marks while others fell short. The attention for this week will remain fixated on individual reports to help give a deeper insight into how sustainable to current bull run truly is. Below, we outline some of the most prominent commodity firms slated to report earnings this week [for more commodity news and analysis subscribe to our free newsletter].

  • Halliburton (HAL): This oil and gas giant will report prior to the opening bell today where analysts will be expecting EPS of $0.73 and revenues of $7.25 billion. Halliburton vastly exceeded expectations at their last report and met or surpassed the three quarters prior to that, giving investors a fair sense of confidence going into today’s release.
  • Southern Copper (SCCO): This copper miner operates in numerous countries around the globe, but calls Phoenix home. The stock has a current market cap of just over $23 billion and trades nearly two million shares on a daily basis. Southern Copper will also report today, where analysts have pegged ESP at $0.48 and revenues just over $1.5 billion.
  • CoalPeabody Energy (BTU): Though Peabody has a market cap of just $4.4 billion, it attracts a fair amount of investors attention with and average daily trading volume of eight million shares. The company primarily mines coal and has operations all over the world. The company will release earnings before markets open Tuesday and is expected to haul in EPS of $-0.04 and revenues of $1.8 billion [see also The Uncertain Future For Coal].
  • Freeport McMoran (FCX): Another copper miner thrown into the mix, Freeport is an investor favorite, trading more than 18 million times each day and offering a handsome 4.4% yield. It should also be noted that while copper is their main output, the company has a fair amount of assets allocated towards gold, cobalt, silver, and others. The firm will report prior to the opening bell on Tuesday where analysts will be looking for EPS of $0.44 and revenues of $4.3 billion.
  • Valero Energy (VLO): Prior to the market’s open on Tuesday there will undoubtedly be a frenzy of activity with yet another firm slated to release earnings before the bell. Valero has its hands in nearly ever facet of the oil & gas industry as it works on both the refining and marketing side of the equation. Analysts will be looking for EPS of $0.99 and revenues topping $30.1 billion [see also 25 Ways To Invest In Crude Oil].
  • Whiting Petroleum (WLL): Whiting is an independent oil & gas firm that mainly explores, drills, and extracts crude oil and natural gas. The company is based in Denver and operates within U.S. borders. Whiting will detail earnings after markets close Wednesday and is expected to bring in EPS of $0.83 with revenues just over $580 million.

It’s Not Always The Numbers

As always, earnings reports are two pronged events: one prong focuses solely on the numbers reported and if they met expectations, the other on the guidance given. If the numbers fail to meet the marks but a positive outlook is given, the stock can still jump higher on the day and vice versa. Be sure to pay close attention to both attributes to get a bigger picture view of the company and where they stand.

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Disclosure: No positions at time of writing.

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