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Exxon Mobil (XOM) Gains But Lags Market: What You Should Know
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Exxon Mobil (XOM - Free Report) closed at $62.45 in the latest trading session, marking a +0.29% move from the prior day. This change lagged the S&P 500's 0.31% gain on the day. Meanwhile, the Dow gained 0.1%, and the Nasdaq, a tech-heavy index, added 0.48%.
Coming into today, shares of the oil and natural gas company had lost 6.16% in the past month. In that same time, the Oils-Energy sector lost 1.86%, while the S&P 500 lost 0.04%.
Investors will be hoping for strength from Exxon Mobil as it approaches its next earnings release. In that report, analysts expect Exxon Mobil to post earnings of $1.73 per share. This would mark year-over-year growth of 5666.67%. Meanwhile, our latest consensus estimate is calling for revenue of $77.44 billion, up 66.4% from the prior-year quarter.
XOM's full-year Zacks Consensus Estimates are calling for earnings of $5.07 per share and revenue of $278.23 billion. These results would represent year-over-year changes of +1636.36% and +53.3%, respectively.
Any recent changes to analyst estimates for Exxon Mobil should also be noted by investors. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.07% lower. Exxon Mobil is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Exxon Mobil is holding a Forward P/E ratio of 12.28. This valuation marks a premium compared to its industry's average Forward P/E of 8.08.
We can also see that XOM currently has a PEG ratio of 0.87. 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 0.71 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 158, which puts it in the bottom 38% 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) Gains But Lags Market: What You Should Know
Exxon Mobil (XOM - Free Report) closed at $62.45 in the latest trading session, marking a +0.29% move from the prior day. This change lagged the S&P 500's 0.31% gain on the day. Meanwhile, the Dow gained 0.1%, and the Nasdaq, a tech-heavy index, added 0.48%.
Coming into today, shares of the oil and natural gas company had lost 6.16% in the past month. In that same time, the Oils-Energy sector lost 1.86%, while the S&P 500 lost 0.04%.
Investors will be hoping for strength from Exxon Mobil as it approaches its next earnings release. In that report, analysts expect Exxon Mobil to post earnings of $1.73 per share. This would mark year-over-year growth of 5666.67%. Meanwhile, our latest consensus estimate is calling for revenue of $77.44 billion, up 66.4% from the prior-year quarter.
XOM's full-year Zacks Consensus Estimates are calling for earnings of $5.07 per share and revenue of $278.23 billion. These results would represent year-over-year changes of +1636.36% and +53.3%, respectively.
Any recent changes to analyst estimates for Exxon Mobil should also be noted by investors. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.07% lower. Exxon Mobil is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Exxon Mobil is holding a Forward P/E ratio of 12.28. This valuation marks a premium compared to its industry's average Forward P/E of 8.08.
We can also see that XOM currently has a PEG ratio of 0.87. 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 0.71 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 158, which puts it in the bottom 38% 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.