The Country Caller highlights updated fourth quarter predictions for Mastercard and Exxon Mobil
Published By: Eunice Gettys on January 30, 2017 10:33 am EST
Mastercard Inc (NYSE:MA) and Exxon Mobil Corporation (NYSE:XOM) have arranged their earnings calls for the respective fourth quarter of fiscal year 2016 (4QFY16) during the pre-market hours on Tuesday, January 31. Both MA and XOM have held exceptional earnings results in the past, beating Street estimates over several quarters. Consistent with historic trends, Mastercard is predicted to beat Wall Street estimates on top and bottom lines this season.
Wall Street analysts anticipate Mastercard to report earnings per share (EPS) of 85 cents for the fourth quarter. The consensus estimate indicates an increase of 7.6% year-over-year (YoY) on bottom line. However, Earningswhispers.com believes that the New York-based bank will manage to surpass Wall Street estimate with its EPS forecast of 87 cents.
Furthermore, revenue is expected to clock in at $2.78 billion. This is considerably lower than Estimize.com’s forecast of $2.81 billion. Reportedly, the company reported revenue of $2.5 billion in the same quarter last year.
Wall Street analysts forecast Exxon Mobil to report EPS of 72 cents. This would lead to about an increase of 7.5% YoY and 14.3% QoQ. However, Earningswhispers.com expects the Texas-based company to report much lower EPS of 68 cents for the quarter.
The consensus revenue estimate stands at $63.57 billion, much higher than Estimize.com’s top line value of $62.55 billion. The company reported revenue of $59.8 billion in the same quarter last year and $58.7 billion in the preceding quarter.