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Exxon Mobil (XOM) Outpaces Stock Market Gains: What You Should Know

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Exxon Mobil (XOM - Free Report) closed the most recent trading day at $63.80, moving +1.93% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.51%.

Heading into today, shares of the oil and natural gas company had gained 5% over the past month, outpacing the Oils-Energy sector's gain of 3.75% and the S&P 500's gain of 1.75% in that time.

Investors will be hoping for strength from XOM as it approaches its next earnings release. On that day, XOM is projected to report earnings of $0.98 per share, which would represent year-over-year growth of 240%. Our most recent consensus estimate is calling for quarterly revenue of $58.8 billion, up 80.35% from the year-ago period.

XOM's full-year Zacks Consensus Estimates are calling for earnings of $3.82 per share and revenue of $243.34 billion. These results would represent year-over-year changes of +1257.58% and +34.07%, respectively.

Investors might also notice recent changes to analyst estimates for XOM. These revisions typically reflect the latest short-term business trends, which can change frequently. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 5.49% higher. XOM is currently a Zacks Rank #1 (Strong Buy).

In terms of valuation, XOM is currently trading at a Forward P/E ratio of 16.39. This represents a premium compared to its industry's average Forward P/E of 9.

Also, we should mention that XOM has a PEG ratio of 1.61. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. XOM's industry had an average PEG ratio of 0.77 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 24% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

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