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Exxon Mobil Holdings (XOM) Stock Drops Despite Market Gains: Important Facts to Note
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In the latest trading session, Exxon Mobil Holdings (XOM - Free Report) closed at $158.30, marking a -3.2% move from the previous day. The stock's change was less than the S&P 500's daily gain of 1.49%. At the same time, the Dow added 0.71%, and the tech-heavy Nasdaq gained 2.26%.
The oil and natural gas company's shares have seen a decrease of 0.95% over the last month, not keeping up with the Oils-Energy sector's gain of 0.51% and the S&P 500's gain of 0.1%.
The investment community will be closely monitoring the performance of Exxon Mobil Holdings in its forthcoming earnings report. The company is forecasted to report an EPS of $3.78, showcasing a 101.06% upward movement from the corresponding quarter of the prior 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 project earnings of $11.93 per share and a revenue of $409.73 billion, demonstrating changes of +70.67% and +23.32%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Exxon Mobil Holdings. These revisions help to show the ever-changing nature 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. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.59% higher within the past month. Exxon Mobil Holdings currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Exxon Mobil Holdings has a Forward P/E ratio of 13.71 right now. For comparison, its industry has an average Forward P/E of 8.7, which means Exxon Mobil Holdings is trading at a premium to the group.
It's also important to note that XOM currently trades at a PEG ratio of 1. 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. As of the close of trade yesterday, the Oil and Gas - Integrated - International industry held an average PEG ratio of 0.64.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 78, this industry ranks in the top 32% of all industries, numbering over 250.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Exxon Mobil Holdings (XOM) Stock Drops Despite Market Gains: Important Facts to Note
In the latest trading session, Exxon Mobil Holdings (XOM - Free Report) closed at $158.30, marking a -3.2% move from the previous day. The stock's change was less than the S&P 500's daily gain of 1.49%. At the same time, the Dow added 0.71%, and the tech-heavy Nasdaq gained 2.26%.
The oil and natural gas company's shares have seen a decrease of 0.95% over the last month, not keeping up with the Oils-Energy sector's gain of 0.51% and the S&P 500's gain of 0.1%.
The investment community will be closely monitoring the performance of Exxon Mobil Holdings in its forthcoming earnings report. The company is forecasted to report an EPS of $3.78, showcasing a 101.06% upward movement from the corresponding quarter of the prior 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 project earnings of $11.93 per share and a revenue of $409.73 billion, demonstrating changes of +70.67% and +23.32%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Exxon Mobil Holdings. These revisions help to show the ever-changing nature 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. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.59% higher within the past month. Exxon Mobil Holdings currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Exxon Mobil Holdings has a Forward P/E ratio of 13.71 right now. For comparison, its industry has an average Forward P/E of 8.7, which means Exxon Mobil Holdings is trading at a premium to the group.
It's also important to note that XOM currently trades at a PEG ratio of 1. 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. As of the close of trade yesterday, the Oil and Gas - Integrated - International industry held an average PEG ratio of 0.64.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 78, this industry ranks in the top 32% of all industries, numbering over 250.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.