In the latest trading session, Exxon Mobil (XOM - Free Report) closed at $81.84, marking a -0.44% move from the previous day. This change lagged the S&P 500's daily gain of 1.13%. Meanwhile, the Dow gained 0.74%, and the Nasdaq, a tech-heavy index, added 0.87%.
Coming into today, shares of the oil and natural gas company had gained 6.26% in the past month. In that same time, the Oils-Energy sector gained 8.56%, while the S&P 500 gained 2.65%.
Wall Street will be looking for positivity from Exxon Mobil as it approaches its next earnings report date. In that report, analysts expect Exxon Mobil to post earnings of $2 per share. This would mark year-over-year growth of 207.69%. Our most recent consensus estimate is calling for quarterly revenue of $82.76 billion, up 39.91% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.60 per share and revenue of $326.91 billion. These totals would mark changes of +41.26% and +14.45%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Exxon Mobil. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 10.93% higher within the past month. Exxon Mobil is holding a Zacks Rank of #1 (Strong Buy) right now.
Valuation is also important, so investors should note that Exxon Mobil has a Forward P/E ratio of 10.82 right now. This represents a premium compared to its industry's average Forward P/E of 5.32.
Investors should also note that XOM has a PEG ratio of 0.55 right now. 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 0.72 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 28, putting it in the top 12% 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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In the latest trading session, Exxon Mobil (XOM - Free Report) closed at $81.84, marking a -0.44% move from the previous day. This change lagged the S&P 500's daily gain of 1.13%. Meanwhile, the Dow gained 0.74%, and the Nasdaq, a tech-heavy index, added 0.87%.
Coming into today, shares of the oil and natural gas company had gained 6.26% in the past month. In that same time, the Oils-Energy sector gained 8.56%, while the S&P 500 gained 2.65%.
Wall Street will be looking for positivity from Exxon Mobil as it approaches its next earnings report date. In that report, analysts expect Exxon Mobil to post earnings of $2 per share. This would mark year-over-year growth of 207.69%. Our most recent consensus estimate is calling for quarterly revenue of $82.76 billion, up 39.91% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.60 per share and revenue of $326.91 billion. These totals would mark changes of +41.26% and +14.45%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Exxon Mobil. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 10.93% higher within the past month. Exxon Mobil is holding a Zacks Rank of #1 (Strong Buy) right now.
Valuation is also important, so investors should note that Exxon Mobil has a Forward P/E ratio of 10.82 right now. This represents a premium compared to its industry's average Forward P/E of 5.32.
Investors should also note that XOM has a PEG ratio of 0.55 right now. 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 0.72 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 28, putting it in the top 12% 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.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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