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ExxonMobil (XOM) Q1 Earnings & Revenues Miss Estimates
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Earnings Miss: Largest publicly traded energy company Exxon Mobil Corporation (XOM - Free Report) reported first quarter earnings of 55 cents per share, missing the Zacks Consensus Estimate of 75 cents.
Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate of earnings for the quarter has seen upward revisions in the past seven days.
Moreover, ExxonMobil has an impressive earnings surprise history. Before posting Q1 earnings, the company delivered average positive earnings surprise of 7.3% for the past four quarters.
Revenues Miss: ExxonMobil posted revenues of $63,625 million, failing to beat the Zacks Consensus Estimate of $67,927 million.
Price Plunge in Pre-Market: Following lower-than-expected first-quarter results, the stock declined more than 2% in pre-market trading.
Key Stats: Quarterly adjusted earnings from the Upstream segment were recorded at almost $3 billion, down from $3.5 billion in the year-ago quarter.
The Downstream segment recorded a loss of $256 million, against a profit of $940 million in a year-ago quarter.
This Chemical unit contributed to the company’s $518 million profit, down from marginally above $1 billion in the prior-year quarter.
Zacks Rank: Currently, ExxonMobil carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.
Check back later for our full write up on this ExxonMobil earnings report later!
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
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ExxonMobil (XOM) Q1 Earnings & Revenues Miss Estimates
Earnings Miss: Largest publicly traded energy company Exxon Mobil Corporation (XOM - Free Report) reported first quarter earnings of 55 cents per share, missing the Zacks Consensus Estimate of 75 cents.
Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate of earnings for the quarter has seen upward revisions in the past seven days.
Moreover, ExxonMobil has an impressive earnings surprise history. Before posting Q1 earnings, the company delivered average positive earnings surprise of 7.3% for the past four quarters.
Revenues Miss: ExxonMobil posted revenues of $63,625 million, failing to beat the Zacks Consensus Estimate of $67,927 million.
Price Plunge in Pre-Market: Following lower-than-expected first-quarter results, the stock declined more than 2% in pre-market trading.
Key Stats: Quarterly adjusted earnings from the Upstream segment were recorded at almost $3 billion, down from $3.5 billion in the year-ago quarter.
The Downstream segment recorded a loss of $256 million, against a profit of $940 million in a year-ago quarter.
This Chemical unit contributed to the company’s $518 million profit, down from marginally above $1 billion in the prior-year quarter.
Zacks Rank: Currently, ExxonMobil carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.
(You can see the complete list of today’s Zacks #1 Rank stocks here.)
Check back later for our full write up on this ExxonMobil earnings report later!
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
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