We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Exxon Mobil (XOM) Stock Dips While Market Gains: Key Facts
Read MoreHide Full Article
Exxon Mobil (XOM - Free Report) ended the recent trading session at $169.66, demonstrating a -1.06% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 2.91%. Elsewhere, the Dow gained 2.49%, while the tech-heavy Nasdaq added 3.83%.
The oil and natural gas company's stock has climbed by 11.19% in the past month, exceeding the Oils-Energy sector's gain of 9.79% and the S&P 500's loss of 7.64%.
The investment community will be closely monitoring the performance of Exxon Mobil in its forthcoming earnings report. The company is forecasted to report an EPS of $1.8, showcasing a 2.27% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $81.93 billion, down 1.45% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $8.3 per share and a revenue of $337.22 billion, indicating changes of +18.74% and +1.5%, respectively, from the former year.
Any recent changes to analyst estimates for Exxon Mobil should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 23.11% higher within the past month. At present, Exxon Mobil boasts a Zacks Rank of #3 (Hold).
In the context of valuation, Exxon Mobil is at present trading with a Forward P/E ratio of 20.66. This indicates a premium in contrast to its industry's Forward P/E of 11.4.
Investors should also note that XOM has a PEG ratio of 1.14 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Oil and Gas - Integrated - International industry stood at 1.14 at the close of the market yesterday.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 34, which puts it in the top 14% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Exxon Mobil (XOM) Stock Dips While Market Gains: Key Facts
Exxon Mobil (XOM - Free Report) ended the recent trading session at $169.66, demonstrating a -1.06% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 2.91%. Elsewhere, the Dow gained 2.49%, while the tech-heavy Nasdaq added 3.83%.
The oil and natural gas company's stock has climbed by 11.19% in the past month, exceeding the Oils-Energy sector's gain of 9.79% and the S&P 500's loss of 7.64%.
The investment community will be closely monitoring the performance of Exxon Mobil in its forthcoming earnings report. The company is forecasted to report an EPS of $1.8, showcasing a 2.27% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $81.93 billion, down 1.45% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $8.3 per share and a revenue of $337.22 billion, indicating changes of +18.74% and +1.5%, respectively, from the former year.
Any recent changes to analyst estimates for Exxon Mobil should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 23.11% higher within the past month. At present, Exxon Mobil boasts a Zacks Rank of #3 (Hold).
In the context of valuation, Exxon Mobil is at present trading with a Forward P/E ratio of 20.66. This indicates a premium in contrast to its industry's Forward P/E of 11.4.
Investors should also note that XOM has a PEG ratio of 1.14 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Oil and Gas - Integrated - International industry stood at 1.14 at the close of the market yesterday.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 34, which puts it in the top 14% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.