With Alcoa (AA) kicking off earnings season last week, investors will spend the next few weeks combing through quarterly statements from their favorite commodity firms. Though Alcoa beat EPS estimates and saw a healthy net income, revenue fell short, leaving a somewhat mixed feeling for the stock. What is perhaps more important than the reports themselves is the particular outlook that each company provides; 2013 has been anything but kind to commodities and investors will pay extra attention to forecasts for the near future [for more commodity news and analysis subscribe to our free newsletter].
Below, we outline five major earnings releases that commodity investors should keep an eye on as the week progresses.
- Kinder Morgan Inc (KMI): After market close on Wednesday, Kinder Morgan will detail the results from its most recent quarter. The oil & gas parent firm operates in six different segments and has over 75,000 miles of total pipeline capacity. Analysts are expecting an EPs of $0.31 with revenues just below $3 billion. Note that KMI has missed three of its last four earnings marks, keeping investors especially anxious for this release.
McMoRan Exploration Co (MMR): The exploration firm is separately traded, but shares management with industry-leader Freeport McMoRan (FCX). MMR is involved in the exploration and production of oil and natural gas, both onshore and in shallow waters. When the stock reports Wednesday, analysts will be looking for EPS of -$0.13 with revenues of just $72 million [see also 25 Ways To Invest In Crude Oil].- Nucor Corp (NUE): This steelmaker has a market cap of over $14 billion and a handsome dividend yield of 3.4%. The stock will report prior to market open on Thursday and should be active throughout the session. The Street is expecting the company to show EPS of $0.26 and revenues that eclipse the $4.6 billion mark.
- Peabody Energy Corp (BTU): Based in St. Louis, this coal miner trades an average of 7.3 million shares on a daily basis. Peabody will also report earnings before markets open on Thursday, but analyst expectations are anything but rosy. Forecasts have BTU showing EPS of -$0.14 and revenues of $1.78 billion; that would mark a 12.6% decrease in year over year sales.
- Schlumberger (SLB): Perhaps known best for its part in the 2010 Deepwater Horizon spill in the Gulf of Mexico, Schlumberger operates in three segments: reservoir characterization, drilling and production. After surpassing the previous four earnings marks, the bar will be set high for Friday’s before-market-open report. Analysts are expecting EPS fo $1.00 with revenues of $10.76 billion [see also Crude Oil Guide: Brent Vs. WTI, What’s The Difference?].
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Disclosure: No positions at time of writing.
