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Exxon Mobil (XOM) Stock Falls Amid Market Uptick: What Investors Need to Know
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Exxon Mobil (XOM - Free Report) ended the recent trading session at $140.92, demonstrating a -4.14% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 1.65%. Meanwhile, the Dow gained 0.92%, and the Nasdaq, a tech-heavy index, added 3.07%.
The oil and natural gas company's stock has dropped by 6.91% in the past month, falling short of the Oils-Energy sector's loss of 2.71% and the S&P 500's gain of 0.48%.
Market participants will be closely following the financial results of Exxon Mobil in its upcoming release. It is anticipated that the company will report an EPS of $3.89, marking a 137.2% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $97.91 billion, up 20.12% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $11.8 per share and a revenue of $392.6 billion, representing changes of +68.81% and +18.17%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Exxon Mobil. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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.
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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.68% increase. Exxon Mobil is currently a Zacks Rank #3 (Hold).
With respect to valuation, Exxon Mobil is currently being traded at a Forward P/E ratio of 12.46. This represents a premium compared to its industry average Forward P/E of 7.97.
We can also see that XOM currently has a PEG ratio of 0.62. 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. By the end of yesterday's trading, the Oil and Gas - Integrated - International industry had an average PEG ratio of 0.57.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 45, positioning it in the top 19% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Exxon Mobil (XOM) Stock Falls Amid Market Uptick: What Investors Need to Know
Exxon Mobil (XOM - Free Report) ended the recent trading session at $140.92, demonstrating a -4.14% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 1.65%. Meanwhile, the Dow gained 0.92%, and the Nasdaq, a tech-heavy index, added 3.07%.
The oil and natural gas company's stock has dropped by 6.91% in the past month, falling short of the Oils-Energy sector's loss of 2.71% and the S&P 500's gain of 0.48%.
Market participants will be closely following the financial results of Exxon Mobil in its upcoming release. It is anticipated that the company will report an EPS of $3.89, marking a 137.2% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $97.91 billion, up 20.12% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $11.8 per share and a revenue of $392.6 billion, representing changes of +68.81% and +18.17%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Exxon Mobil. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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.
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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.68% increase. Exxon Mobil is currently a Zacks Rank #3 (Hold).
With respect to valuation, Exxon Mobil is currently being traded at a Forward P/E ratio of 12.46. This represents a premium compared to its industry average Forward P/E of 7.97.
We can also see that XOM currently has a PEG ratio of 0.62. 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. By the end of yesterday's trading, the Oil and Gas - Integrated - International industry had an average PEG ratio of 0.57.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 45, positioning it in the top 19% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.