Chevron Corporation ( CVX -4.44%) stock fell 4.5% through 10:35 a.m. ET Friday after the company reported a revenue beat but an earnings miss in its morning Q4 report.
As CVX gears up to report fourth-quarter earnings on Jan. 31, let's find out how the expectations stack up. Also, know how to play the stock ahead of results.
The oil major announced Q4 adjusted earnings per share of $2.06, which missed the average Wall Street estimate by 5 cents. CVX stock sold off more than 4.5% in the late afternoon session.
At nearly 18 times free cash flow, Chevron stock isn't cheap enough to buy -- even after today's sell-off. Analysts had predicted Chevron would earn $2.11 per share, adjusted for one-time items ...