As we enter the final stretch of earnings season, investors are
beginning to make up their minds on where they think the economy is
headed. We have seen a number of big wins as well as some big
losses with a fair amount of companies warning of a subdued Q4
reflecting the impact of the US government shutdown. Below, we
outline some of the biggest commodity earnings set for this week.
Though not technically a commodity company itself, the CME hosts
some of the most popular and vital commodity futures and options
in the world. The company will report before the bell today and
analysts will look to see EPS of $0.73 with revenues just over
Marathon Oil Corporation
After today's closing bell, oil bellwether Marathon Oil
Corporation will unveil its most recent fiscal quarter's results.
The Street is expecting to see EPS at $0.76 with revenues just
shy of $3.75 billion.
The Mosaic Company
): It has been a rough couple of months for potash firms after a
major cartel was severed in late July. This will put immense
pressure on Tuesday's report, where analysts are looking to see
EPS come in at $0.60.
Chesapeake Energy Corporation
): Prior to Wednesday's opening bell, CHK will hold its earnings
call for shareholders. The independent oil and gas firm is slated
to show EPS of $0.42 with revenues at $3.49 billion.
Devon Energy Corporation
): Wednesday's pre-market trading will likely be active in the
oil and gas world, as Devon will also be reporting before the
opening bell. Estimates for the quarter put EPS at $1.19 with
revenues at $2.73 billion.
(APA): The famed oil and gas exploration firm will release its
earnings before markets open on Thursday. Analysts are expecting
to see a healthy EPS of $2.15 with revenues hitting $4.3
The Bottom Line
(RGLD): The Denver-based gold miner will also report earnings
before the opening bell Thursday. In that report, the Street will
be looking for EPS of $0.25 with revenues of $58.17 million.
As always, investors need to keep an eye on not only the numbers,
but also the forecast and outlook given by a company. A solid
quarter can quickly be ruined by a foggy future or a terrible
quarter can be salvaged with a positive outlook. In order to
properly react to and understand each report, be sure to take both
the numbers and commentary from the company executives into
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Editor's note: This article by Jared Cummans was originally