In the latest trading session, Exxon Mobil (XOM - Free Report) closed at $81.31, marking a -0.51% move from the previous day. This move lagged the S&P 500's daily of 0%. At the same time, the Dow lost 0.3%, and the tech-heavy Nasdaq gained 0.25%.
Coming into today, shares of the oil and natural gas company had gained 1.77% in the past month. In that same time, the Oils-Energy sector gained 1.74%, while the S&P 500 gained 2.36%.
XOM will be looking to display strength as it nears 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.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.07 per share and revenue of $294.36 billion. These totals would mark changes of -17.44% and +1.43%, respectively, from last year.
Any recent changes to analyst estimates for XOM should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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 0.46% lower. XOM currently has a Zacks Rank of #3 (Hold).
Investors should also note XOM's current valuation metrics, including its Forward P/E ratio of 20.08. This represents a premium compared to its industry's average Forward P/E of 11.78.
Investors should also note that XOM has a PEG ratio of 1.44 right now. 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. The Oil and Gas - Integrated - International industry currently had an average PEG ratio of 1.44 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 95, putting it in the top 38% 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.