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Exxon Mobil (XOM) Surpasses Market Returns: Some Facts Worth Knowing
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In the latest close session, Exxon Mobil (XOM - Free Report) was up +1.67% at $163.37. This change outpaced the S&P 500's 0.44% gain on the day. At the same time, the Dow added 0.36%, and the tech-heavy Nasdaq gained 0.54%.
The stock of oil and natural gas company has risen by 6.27% in the past month, lagging the Oils-Energy sector's gain of 7.22% and overreaching the S&P 500's loss of 3.31%.
The investment community will be closely monitoring the performance of Exxon Mobil in its forthcoming earnings report. In that report, analysts expect Exxon Mobil to post earnings of $1.8 per share. This would mark year-over-year growth of 2.27%. Our most recent consensus estimate is calling for quarterly revenue of $82.4 billion, down 0.88% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $8 per share and a revenue of $337.22 billion, indicating changes of +14.45% and +1.5%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Exxon Mobil. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 18.73% higher. Right now, Exxon Mobil possesses a Zacks Rank of #3 (Hold).
Investors should also note Exxon Mobil's current valuation metrics, including its Forward P/E ratio of 20.09. Its industry sports an average Forward P/E of 10.73, so one might conclude that Exxon Mobil is trading at a premium comparatively.
It is also worth noting that XOM currently has a PEG ratio of 1.11. 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. XOM's industry had an average PEG ratio of 0.83 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 17, placing it within the top 7% of over 250 industries.
The Zacks Industry Rank is ordered 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Exxon Mobil (XOM) Surpasses Market Returns: Some Facts Worth Knowing
In the latest close session, Exxon Mobil (XOM - Free Report) was up +1.67% at $163.37. This change outpaced the S&P 500's 0.44% gain on the day. At the same time, the Dow added 0.36%, and the tech-heavy Nasdaq gained 0.54%.
The stock of oil and natural gas company has risen by 6.27% in the past month, lagging the Oils-Energy sector's gain of 7.22% and overreaching the S&P 500's loss of 3.31%.
The investment community will be closely monitoring the performance of Exxon Mobil in its forthcoming earnings report. In that report, analysts expect Exxon Mobil to post earnings of $1.8 per share. This would mark year-over-year growth of 2.27%. Our most recent consensus estimate is calling for quarterly revenue of $82.4 billion, down 0.88% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $8 per share and a revenue of $337.22 billion, indicating changes of +14.45% and +1.5%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Exxon Mobil. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 18.73% higher. Right now, Exxon Mobil possesses a Zacks Rank of #3 (Hold).
Investors should also note Exxon Mobil's current valuation metrics, including its Forward P/E ratio of 20.09. Its industry sports an average Forward P/E of 10.73, so one might conclude that Exxon Mobil is trading at a premium comparatively.
It is also worth noting that XOM currently has a PEG ratio of 1.11. 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. XOM's industry had an average PEG ratio of 0.83 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 17, placing it within the top 7% of over 250 industries.
The Zacks Industry Rank is ordered 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.