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Exxon Mobil Holdings (XOM) Rises As Market Takes a Dip: Key Facts
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Exxon Mobil Holdings (XOM - Free Report) closed the most recent trading day at $177.01, moving +1.68% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 1.11%. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 1.88%.
The stock of oil and natural gas company has risen by 2.81% in the past month, lagging the Oils-Energy sector's gain of 4.62% and overreaching the S&P 500's gain of 2.06%.
Investors will be eagerly watching for the performance of Exxon Mobil Holdings in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $3.93, marking a 109.04% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $104.61 billion, up 22.65% from the prior-year quarter.
XOM's full-year Zacks Consensus Estimates are calling for earnings of $12.52 per share and revenue of $412.13 billion. These results would represent year-over-year changes of +79.11% and +24.05%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Exxon Mobil Holdings. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 4.92% higher. At present, Exxon Mobil Holdings boasts a Zacks Rank of #2 (Buy).
With respect to valuation, Exxon Mobil Holdings is currently being traded at a Forward P/E ratio of 13.91. This denotes a premium relative to the industry average Forward P/E of 8.08.
We can additionally observe that XOM currently boasts a PEG ratio of 1.01. 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 was holding an average PEG ratio of 0.65 at yesterday's closing price.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 20, placing it within the top 9% 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.
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) Rises As Market Takes a Dip: Key Facts
Exxon Mobil Holdings (XOM - Free Report) closed the most recent trading day at $177.01, moving +1.68% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 1.11%. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 1.88%.
The stock of oil and natural gas company has risen by 2.81% in the past month, lagging the Oils-Energy sector's gain of 4.62% and overreaching the S&P 500's gain of 2.06%.
Investors will be eagerly watching for the performance of Exxon Mobil Holdings in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $3.93, marking a 109.04% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $104.61 billion, up 22.65% from the prior-year quarter.
XOM's full-year Zacks Consensus Estimates are calling for earnings of $12.52 per share and revenue of $412.13 billion. These results would represent year-over-year changes of +79.11% and +24.05%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Exxon Mobil Holdings. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 4.92% higher. At present, Exxon Mobil Holdings boasts a Zacks Rank of #2 (Buy).
With respect to valuation, Exxon Mobil Holdings is currently being traded at a Forward P/E ratio of 13.91. This denotes a premium relative to the industry average Forward P/E of 8.08.
We can additionally observe that XOM currently boasts a PEG ratio of 1.01. 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 was holding an average PEG ratio of 0.65 at yesterday's closing price.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 20, placing it within the top 9% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.