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Why the Market Dipped But Exxon Mobil Holdings (XOM) Gained Today
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In the latest close session, Exxon Mobil Holdings (XOM - Free Report) was up +2.42% at $169.08. The stock's change was more than the S&P 500's daily loss of 0.45%. Elsewhere, the Dow lost 0.63%, while the tech-heavy Nasdaq lost 0.78%.
The oil and natural gas company's stock has climbed by 2.24% in the past month, exceeding the Oils-Energy sector's gain of 2% and the S&P 500's loss of 1.99%.
The investment community will be paying close attention to the earnings performance of Exxon Mobil Holdings in its upcoming release. It is anticipated that the company will report an EPS of $3.78, marking a 101.06% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $104.88 billion, showing a 22.96% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $11.93 per share and revenue of $409.73 billion, which would represent changes of +70.67% and +23.32%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Exxon Mobil Holdings. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.59% increase. Exxon Mobil Holdings is currently a Zacks Rank #3 (Hold).
Digging into valuation, Exxon Mobil Holdings currently has a Forward P/E ratio of 13.84. This denotes a premium relative to the industry average Forward P/E of 8.9.
We can also see that XOM currently has a PEG ratio of 1.01. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Integrated - International industry had an average PEG ratio of 0.68 as trading concluded yesterday.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 69, this industry ranks in the top 29% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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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Why the Market Dipped But Exxon Mobil Holdings (XOM) Gained Today
In the latest close session, Exxon Mobil Holdings (XOM - Free Report) was up +2.42% at $169.08. The stock's change was more than the S&P 500's daily loss of 0.45%. Elsewhere, the Dow lost 0.63%, while the tech-heavy Nasdaq lost 0.78%.
The oil and natural gas company's stock has climbed by 2.24% in the past month, exceeding the Oils-Energy sector's gain of 2% and the S&P 500's loss of 1.99%.
The investment community will be paying close attention to the earnings performance of Exxon Mobil Holdings in its upcoming release. It is anticipated that the company will report an EPS of $3.78, marking a 101.06% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $104.88 billion, showing a 22.96% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $11.93 per share and revenue of $409.73 billion, which would represent changes of +70.67% and +23.32%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Exxon Mobil Holdings. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.59% increase. Exxon Mobil Holdings is currently a Zacks Rank #3 (Hold).
Digging into valuation, Exxon Mobil Holdings currently has a Forward P/E ratio of 13.84. This denotes a premium relative to the industry average Forward P/E of 8.9.
We can also see that XOM currently has a PEG ratio of 1.01. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Integrated - International industry had an average PEG ratio of 0.68 as trading concluded yesterday.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 69, this industry ranks in the top 29% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.