Exxon Mobil (XOM) ended the recent trading session at $118.25, demonstrating a +1.96% change from the preceding day's closing price. This change outpaced the S&P 500's 0.09% loss on the day. On the other hand, the Dow registered a loss of 0.38%, and the technology-centric Nasdaq increased by 0.13%.
Prior to today's trading, shares of the oil and natural gas company had lost 1.89% lagged the Oils-Energy sector's loss of 0.79% and the S&P 500's gain of 1.89%.
Investors will be eagerly watching for the performance of Exxon Mobil in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.62, indicating a 2.99% decline compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $86 billion, indicating a 3.08% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.88 per share and a revenue of $333.88 billion, indicating changes of -11.68% and -4.49%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Exxon Mobil. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.1% fall in the Zacks Consensus EPS estimate. Exxon Mobil presently features a Zacks Rank of #3 (Hold).
Looking at valuation, Exxon Mobil is presently trading at a Forward P/E ratio of 16.87. This valuation marks a premium compared to its industry average Forward P/E of 10.92.
Investors should also note that XOM has a PEG ratio of 1.47 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 average PEG ratio for the Oil and Gas - Integrated - International industry stood at 1.65 at the close of the market yesterday.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 147, placing it within the bottom 41% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Exxon Mobil Corporation (XOM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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