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Exxon Mobil (XOM) Gains As Market Dips: What You Should Know
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In the latest trading session, Exxon Mobil (XOM - Free Report) closed at $76.98, marking a +1.26% move from the previous day. This move outpaced the S&P 500's daily loss of 0.02%. At the same time, the Dow added 0.29%, and the tech-heavy Nasdaq lost 0.39%.
Coming into today, shares of the oil and natural gas company had lost 1.77% in the past month. In that same time, the Oils-Energy sector lost 5.66%, while the S&P 500 lost 2.56%.
Investors will be hoping for strength from XOM as it approaches its next earnings release, which is expected to be February 1, 2019. On that day, XOM is projected to report earnings of $1.30 per share, which would represent year-over-year growth of 47.73%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $75.46 billion, up 13.45% from the year-ago period.
XOM's full-year Zacks Consensus Estimates are calling for earnings of $4.76 per share and revenue of $291.78 billion. These results would represent year-over-year changes of +32.59% and +12.72%, respectively.
Investors might also notice recent changes to analyst estimates for XOM. Recent revisions tend to reflect the latest 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. Within the past 30 days, our consensus EPS projection has moved 0.41% lower. XOM is currently a Zacks Rank #3 (Hold).
Looking at its valuation, XOM is holding a Forward P/E ratio of 15.96. Its industry sports an average Forward P/E of 10, so we one might conclude that XOM is trading at a premium comparatively.
Meanwhile, XOM's PEG ratio is currently 2.14. 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 industry currently had an average PEG ratio of 1.05 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 59, putting it in the top 23% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Exxon Mobil (XOM) Gains As Market Dips: What You Should Know
In the latest trading session, Exxon Mobil (XOM - Free Report) closed at $76.98, marking a +1.26% move from the previous day. This move outpaced the S&P 500's daily loss of 0.02%. At the same time, the Dow added 0.29%, and the tech-heavy Nasdaq lost 0.39%.
Coming into today, shares of the oil and natural gas company had lost 1.77% in the past month. In that same time, the Oils-Energy sector lost 5.66%, while the S&P 500 lost 2.56%.
Investors will be hoping for strength from XOM as it approaches its next earnings release, which is expected to be February 1, 2019. On that day, XOM is projected to report earnings of $1.30 per share, which would represent year-over-year growth of 47.73%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $75.46 billion, up 13.45% from the year-ago period.
XOM's full-year Zacks Consensus Estimates are calling for earnings of $4.76 per share and revenue of $291.78 billion. These results would represent year-over-year changes of +32.59% and +12.72%, respectively.
Investors might also notice recent changes to analyst estimates for XOM. Recent revisions tend to reflect the latest 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. Within the past 30 days, our consensus EPS projection has moved 0.41% lower. XOM is currently a Zacks Rank #3 (Hold).
Looking at its valuation, XOM is holding a Forward P/E ratio of 15.96. Its industry sports an average Forward P/E of 10, so we one might conclude that XOM is trading at a premium comparatively.
Meanwhile, XOM's PEG ratio is currently 2.14. 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 industry currently had an average PEG ratio of 1.05 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 59, putting it in the top 23% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.