As earnings season gets into full swing, Wall Street’s attention will be fixated on the results of the most recent quarter. This week sees big oil step up to the plate, with some of the biggest names in the industry reporting on how they fared over the past three months. Below, we preview some of the most significant commodity earnings from the week ahead, helping investors prepare for what will ultimately be an active five day stretch for markets:
As we make our way into the last quarter of the year, the eyes of investors and analysts turn to the performance of the most recent quarter. Q3 earnings season is upon us and has opened up with gloomy expectations, as many companies have already lowered guidance ahead of their reports. Below, we detail the most significant commodity firms that will release earnings this week [for more commodity news and analysis subscribe to our free newsletter]:
With the second quarter earnings season winding down, there are only a handful of companies left to report their results. Last week, oil and gas giants Chesapeake Energy Corp (CHK) and ConocoPhillips (COP) managed to beat analyst expectations, even after both companies reported declines in earnings and revenues, respectively. Exxon Mobil (XOM), however, reported a 57% decline in earnings, though revenues managed to top estimates [for more commodity news and analysis subscribe to our free newsletter].
In the world of agribusiness, there is no name more prolific then Monsanto Company (MON) – the world’s leading producer of the herbicide glyphosate and the second biggest producer of genetically engineered seeds. With a market cap of over $54 billion, investors pay close attention to this bellwether, following the company’s news and key earnings report [for more agricultural news and analysis subscribe to our free newsletter].
This week saw a flurry of economic and earnings reports, with several well-known commodity firms posting both hits and misses. Newmont Mining Corp (NEM) revenue and earnings came in below expectations, while Suncor Energy (SU) beat forecasts. Independent oil and gas firm Devon Energy Corp. (DVN) beat EPS estimates by $0.10, though the company reported a loss in the first quarter of $1.3 billion [for more commodity news and analysis subscribe to our free newsletter].
When it comes to agribusiness stocks, there is perhaps no name bigger than Monsanto Company (MON) – the world’s leading producer of the herbicide glyphosate and the second biggest producer of genetically engineered seeds. Headquartered in St. Louis, the firm has grown into an over $55 billion company, with operations spanning across the U.S., Europe, Africa, Brazil, Asia-Pacific, Argentina, Canada and Mexico [for more agricultural news and analysis subscribe to our free newsletter].