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Exxon Mobil Holdings (XOM) Gains As Market Dips: What You Should Know
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In the latest trading session, Exxon Mobil Holdings (XOM - Free Report) closed at $168.56, marking a +2.75% move from the previous day. The stock's change was more than the S&P 500's daily loss of 0.47%. On the other hand, the Dow registered a gain of 0.1%, and the technology-centric Nasdaq decreased by 1.25%.
Heading into today, shares of the oil and natural gas company had lost 0.11% over the past month, lagging the Oils-Energy sector's gain of 1.58% and the S&P 500's gain of 1.15%.
The investment community will be paying close attention to the earnings performance of Exxon Mobil Holdings in its upcoming release. The company's upcoming EPS is projected at $3.93, signifying a 109.04% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $104.61 billion, reflecting a 22.65% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $12.4 per share and revenue of $410.03 billion, indicating changes of +77.4% and +23.42%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Exxon Mobil Holdings. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Over the past month, the Zacks Consensus EPS estimate has moved 3.51% higher. As of now, Exxon Mobil Holdings holds a Zacks Rank of #3 (Hold).
With respect to valuation, Exxon Mobil Holdings is currently being traded at a Forward P/E ratio of 13.23. This signifies a premium in comparison to the average Forward P/E of 8.01 for its industry.
Also, we should mention that XOM has a PEG ratio of 0.97. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Integrated - International industry had an average PEG ratio of 0.6 as trading concluded yesterday.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 37, putting it in the top 16% of all 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.
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 Holdings (XOM) Gains As Market Dips: What You Should Know
In the latest trading session, Exxon Mobil Holdings (XOM - Free Report) closed at $168.56, marking a +2.75% move from the previous day. The stock's change was more than the S&P 500's daily loss of 0.47%. On the other hand, the Dow registered a gain of 0.1%, and the technology-centric Nasdaq decreased by 1.25%.
Heading into today, shares of the oil and natural gas company had lost 0.11% over the past month, lagging the Oils-Energy sector's gain of 1.58% and the S&P 500's gain of 1.15%.
The investment community will be paying close attention to the earnings performance of Exxon Mobil Holdings in its upcoming release. The company's upcoming EPS is projected at $3.93, signifying a 109.04% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $104.61 billion, reflecting a 22.65% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $12.4 per share and revenue of $410.03 billion, indicating changes of +77.4% and +23.42%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Exxon Mobil Holdings. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Over the past month, the Zacks Consensus EPS estimate has moved 3.51% higher. As of now, Exxon Mobil Holdings holds a Zacks Rank of #3 (Hold).
With respect to valuation, Exxon Mobil Holdings is currently being traded at a Forward P/E ratio of 13.23. This signifies a premium in comparison to the average Forward P/E of 8.01 for its industry.
Also, we should mention that XOM has a PEG ratio of 0.97. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Integrated - International industry had an average PEG ratio of 0.6 as trading concluded yesterday.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 37, putting it in the top 16% of all 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.