Big Oil, Commodities And Large-Cap Earnings On Tap: IYE, MOO, XLB

by on April 24, 2013 | ETFs Mentioned:

The 2013 first quarter earnings season is well on its way, with several bellwethers reporting both hits and misses. Already this week, oil-giant Haliburton (HAL) reported earnings that came in well above expectations, while Caterpillar’s (CAT) earnings missed the mark, though the stock gained after the company’s CEO was less pessimistic than expected in his conference call. Travelers (TRV) and DuPont (DD) also topped earnings expectations, and both companies announced that they will increase dividends [see also How To But The Right ETF Every Time]. 

The second half of this week will also be full of important earnings results, including several Big Oil companies, commodity producers and large cap firms:

Big Week For Big OilBig Oil

Investors should keep a close eye on energy equities ETFs, in particular iShares’ Dow Jones U.S. Energy Sector Fund (IYE, A), as some of the biggest names in oil and gas are slated to report first quarter earnings on Thursday and Friday:

  • Occidental Petroleum (OXY): On Thursday, this oil and gas exploration and production firm is expected to report an EPS of $1.62 and revenues just under $6.5 billion. In its last four earnings reports, Occidental has beat analysts expectations. 
  • Exxon Mobil (XOM): Analysts are expecting this oil behemoth to clock in an EPS of $2.04 and revenues of over $123 billion on Thursday. If the company beats estimates, Exxon might come closer to taking back the crown of the largest firm in the world. 
  • ConocoPhillips (COP): On Thursday, analyst are expecting COP to report an EPS of $1.40; the company has missed three of its last four estimates. Currently, the firm holds a healthy EPS of over $5 [see What You Can Buy With America's Daily Oil Consumption]. 
  • Chevron Corporation (CVX): Another oil behemoth, Chevron is slated to close out the week before the opening bell on Friday with its earnings report. Earnings per share estimates are at $3.06, while revenues are expected to come in just under $68 billion. 

Large-Caps Report: Potash, Chemicals, Internet, and Conglomerates 

A number of large and mega-cap companies are also slated to report first quarter earnings at the end of the week:

  • Potash Corporation of Saskatchewan, Inc (POT): One of the largest producers and sellers of fertilizers in the United States and Canada, POT is expected to report an EPS of $0.59 and revenue of $1.82 billion. For the last two quarters, the company has reported declining revenues. Investors should keep a close eye on Market Vectors Agribusiness ETF (MOO, A) on Thursday.
  • The Dow Chemical Co. (DOW): This chemical giant is expected to report an EPS of $0.61 and revenues of $14.88 billion. In the last four quarters, the company has reported falling revenue. On Thursday, keep a close eye on the Dow Jones U.S. Basic Materials Index (IYM, A), as well as XLB [see Greedy When Others Are Fearful ETFdb Portfolio ].
  • Amazon.com, Inc. (AMZN): Analysts are expecting this internet giant to post an EPS of $0.08 and revenues of $16.6 billion, a 22.6% jump from the year-earlier total. This Thursday, investors should pay close attention to the Market Vectors Retail ETF (RTH, B+), as well as PNQI and FDN.
  • 3M Company (MMM): 3M has posted increasing profit for the last three quarters and for Q1; analysts are expecting revenues to increase to $7.81 billion and EPS to come in at $1.65. Tomorrow keep a close eye on the Dow Jones Industrial Average ETF (DIA, A), as well as XLI.

Follow me on Twitter @DPylypczak.

[For more ETF analysis, make sure to sign up for our free ETF newsletter or try a free seven-day trial to ETFdb Pro.]

Disclosure: No positions at time of writing.