In the latest trading session, Exxon Mobil (XOM - Free Report) closed at $81.38, marking a -0.27% move from the previous day. This change lagged the S&P 500's 1.42% gain on the day. Elsewhere, the Dow gained 1.15%, while the tech-heavy Nasdaq added 2.29%.
Coming into today, shares of the oil and natural gas company had lost 0.87% in the past month. In that same time, the Oils-Energy sector gained 0.92%, while the S&P 500 lost 5.36%.
Investors will be hoping for strength from XOM as it approaches its next earnings release, which is expected to be November 2, 2018. The company is expected to report EPS of $1.27, up 36.56% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $72.96 billion, up 10.26% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.61 per share and revenue of $293.57 billion. These totals would mark changes of +28.41% and +13.42%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for XOM. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.5% higher. XOM is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, XOM is holding a Forward P/E ratio of 17.7. For comparison, its industry has an average Forward P/E of 11.46, which means XOM is trading at a premium to the group.
Also, we should mention that XOM has a PEG ratio of 1.33. 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. XOM's industry had an average PEG ratio of 1.33 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 50, which puts it in the top 20% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks 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.