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.
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.
): 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
): 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 its main output, the company has a fair amount of
assets allocated toward 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
): 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 and 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.
t's Not Always the Numbers
): Whiting is an independent oil and gas firm that mainly
explores, drills, and extracts crude oil and natural gas. The
company is based in Denver and operates within US borders.
Whiting will detail earnings after markets close Wednesday and is
expected to bring in EPS of $0.83 with revenues just over $580
As always, earnings reports are two pronged events: One prong
focuses solely on the numbers reported and if they met
expectations, while the other focuses 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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Editor's note: This article by Jared Cummans was originally