In the latest trading session, Exxon Mobil (XOM - Free Report) closed at $80.96, marking a +1.3% move from the previous day. This change outpaced the S&P 500's 0.72% gain on the day. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, added 0.71%.
Prior to today's trading, shares of the oil and natural gas company had gained 1.81% over the past month. This has outpaced the Oils-Energy sector's loss of 0.52% and the S&P 500's gain of 0.28% in that time.
Investors will be hoping for strength from XOM as it approaches its next earnings release. The company is expected to report EPS of $0.88, down 19.27% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $69.31 billion, up 1.61% from the year-ago period.
XOM's full-year Zacks Consensus Estimates are calling for earnings of $4.07 per share and revenue of $294.36 billion. These results would represent year-over-year changes of -17.44% and +1.43%, respectively.
It is also important to note the recent changes to analyst estimates for XOM. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.37% lower. XOM is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that XOM has a Forward P/E ratio of 19.62 right now. This valuation marks a premium compared to its industry's average Forward P/E of 11.59.
It is also worth noting that XOM currently has a PEG ratio of 1.41. 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. Oil and Gas - Integrated - International stocks are, on average, holding a PEG ratio of 1.29 based on yesterday's closing prices.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 89, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.