Second-quarter revenue is forecast at $3.06 billion, which would be up 1.1% sequentially and flat year over year. Adjusted EPS are forecast at $0.67, down 2.8% sequentially and by 19.3% year over year. For the full 2022 fiscal year, estimates call for EPS of $3.05, up 2.9%, on sales of $12.81 billion, up 4.8%.

Newmont stock trades at 17.2 times expected 2022 earnings, 17.0 times estimated 2023 earnings of $3.08 and 18.1 times estimated 2024 earnings of $2.90 per share. The stock’s 52-week range is $52.23 to $86.37. Newmont pays an annual dividend of $2.20 (yield of 4.02%). Total shareholder return for the past year was negative 10.4%.

NXP Semiconductors

Since posting an all-time high share price in early December, Netherlands-based NXP Semiconductors N.V. (NASDAQ: NXPI) has watched about 25% of that high price melt away. The stock is down about 5% over the past 12 months and posted a 52-week low earlier this month. NXP, which produces chips both at its own fab and with third-party fabs, may be the canary in the coal mine as supply chain, inflation and recession concerns plague the chip industry. NXP reports its results after markets close on Monday.

Of 28 analysts covering the company, 16 have a Buy or Strong Buy rating and 11 more rate the shares at Hold. At a share price of around $178.00, the upside potential based on a median price target of $200.00 is 12.4%. At the high price target of $260.00, the upside potential is 46.1%.

Second-quarter revenue is expected to come in at $3.27 billion, up 4.2% sequentially and 25.8% higher year over year. Adjusted EPS are forecast at $3.38, up 0.3% sequentially and by 41.4% year over year. For full fiscal 2022, analysts are looking for EPS of $13.73, up 27.7%, on sales of $13.1 billion, up 18.5%.

NXP stock trades at 12.8 times expected 2022 EPS, 12.8 times estimated 2023 earnings of $13.78 and 11.7 times estimated 2024 earnings of $15.13 per share. The stock’s 52-week range is $140.33 to $239.91. NXP pays an annual dividend of $3.38 (yield of 1.98%). Total shareholder return for the past 12 months was negative 10%.

Get Our Free Investment Newsletter

I have read, and agree to the Terms of Use

Range Resources

Independent oil and gas producer Range Resources Corp. (NYSE: RRC) has posted a 12-month share price increase of about 100%. In early June, the shares were up 150%. Recent analyst calls on the stock have resulted in an upgrade to Overweight at Wells Fargo and a reiterated Sell rating from Goldman Sachs. In other words, nobody knows what will happen with energy prices.

As a group, analysts are cautious. Of 27 brokerages covering the stock, 13 have a Hold rating and 10 have a Buy or Strong Buy rating. At a share price of around $29.80, the stock’s upside potential based on a median price target of $38.50 is 29.2%. At the high price target of $61.00, the upside potential is nearly 105%.

For the second quarter, Range Resources is expected to report revenue of $959.83 million, up by 431% sequentially and about 121% year over year. Adjusted EPS are forecast at $1.25, up 6% sequentially and 420% year over year. For the full 2022 fiscal year, analysts are looking for EPS of $5.19, up 157%, and revenue of $3.52 billion, up almost 20.2%.

Range Resources stock trades at 5.7 times expected 2022 EPS, 5.6 times estimated 2023 earnings of $5.27 and 6.0 times estimated 2024 earnings of $4.97 per share. The stock’s 52-week range is $12.37 to $37.44, and the company does not pay a dividend. Total shareholder return for the past 12 months was almost 91%.