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Exxon Mobil (XOM) Stock Moves -1.29%: What You Should Know
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Exxon Mobil (XOM - Free Report) closed at $79.83 in the latest trading session, marking a -1.29% move from the prior day. This change was narrower than the S&P 500's 1.97% loss on the day. At the same time, the Dow lost 2.32%, and the tech-heavy Nasdaq lost 2.78%.
Heading into today, shares of the oil and natural gas company had lost 0.89% over the past month, outpacing the Oils-Energy sector's loss of 10.26% and the S&P 500's loss of 3.33% in that time.
XOM will be looking to display strength as it nears its next earnings release, which is expected to be February 1, 2019. In that report, analysts expect XOM to post earnings of $1.39 per share. This would mark year-over-year growth of 57.95%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $78.29 billion, up 17.7% from the year-ago period.
XOM's full-year Zacks Consensus Estimates are calling for earnings of $4.75 per share and revenue of $292.41 billion. These results would represent year-over-year changes of +32.31% and +12.97%, respectively.
Investors might also notice recent changes to analyst estimates for XOM. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.94% higher. XOM currently has a Zacks Rank of #3 (Hold).
Investors should also note XOM's current valuation metrics, including its Forward P/E ratio of 17.04. Its industry sports an average Forward P/E of 11.24, so we one might conclude that XOM is trading at a premium comparatively.
We can also see that XOM currently has a PEG ratio of 2.28. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Integrated - International was holding an average PEG ratio of 0.98 at yesterday's closing price.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 28, which puts it in the top 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Exxon Mobil (XOM) Stock Moves -1.29%: What You Should Know
Exxon Mobil (XOM - Free Report) closed at $79.83 in the latest trading session, marking a -1.29% move from the prior day. This change was narrower than the S&P 500's 1.97% loss on the day. At the same time, the Dow lost 2.32%, and the tech-heavy Nasdaq lost 2.78%.
Heading into today, shares of the oil and natural gas company had lost 0.89% over the past month, outpacing the Oils-Energy sector's loss of 10.26% and the S&P 500's loss of 3.33% in that time.
XOM will be looking to display strength as it nears its next earnings release, which is expected to be February 1, 2019. In that report, analysts expect XOM to post earnings of $1.39 per share. This would mark year-over-year growth of 57.95%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $78.29 billion, up 17.7% from the year-ago period.
XOM's full-year Zacks Consensus Estimates are calling for earnings of $4.75 per share and revenue of $292.41 billion. These results would represent year-over-year changes of +32.31% and +12.97%, respectively.
Investors might also notice recent changes to analyst estimates for XOM. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.94% higher. XOM currently has a Zacks Rank of #3 (Hold).
Investors should also note XOM's current valuation metrics, including its Forward P/E ratio of 17.04. Its industry sports an average Forward P/E of 11.24, so we one might conclude that XOM is trading at a premium comparatively.
We can also see that XOM currently has a PEG ratio of 2.28. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Integrated - International was holding an average PEG ratio of 0.98 at yesterday's closing price.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 28, which puts it in the top 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.