Commodity Earnings on Tap: Shlumberger, Halliburton, and Freeport-McMoRan

By Commodity HQ  JAN 16, 2014 12:15 PM

After 2013 proved a difficult year for commodities, investors will be paying close attention to outlooks for 2014 during this earnings season.


With Alcoa (NYSE:AA) kicking off earnings season last week, investors will spend the next little while combing through quarterly statements from their favorite commodity firms. Alcoa reported a fourth-quarter net loss of $2.3 billion and missed analysts’ EPS estimates.

Agribusiness giant Monsanto Company (NYSE:MON), however, managed to beat the Street’s estimates, posting an 8.6% increase in quarterly profits.

Next week, investors will once again see a handful of earnings from major commodity producers. It will be important to not only analyze the quarterly results, but also to pay close attention to each company’s 2014 outlook, as 2013 has been anything but kind to commodities.
The Bottom Line

As always, we caution investors to pay attention to the numbers as well as any commentary from the company. Strong numbers can be quickly negated by a poor outlook and vice versa. To properly anticipate a security’s reaction, be sure to take both parts of the equation into account.

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Editor's note: This article by Daniela Pylypczak was originally published on Commodity HQ
No positions in stocks mentioned.