In the latest trading session, Exxon Mobil (XOM) closed at $122.65, marking a +1.92% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.19%. At the same time, the Dow added 0.66%, and the tech-heavy Nasdaq lost 0.03%.
Shares of the oil and natural gas company witnessed a gain of 2.73% over the previous month, beating the performance of the Oils-Energy sector with its loss of 1.05%, and the S&P 500's gain of 0.54%.
Investors will be eagerly watching for the performance of Exxon Mobil in its upcoming earnings disclosure. The company is expected to report EPS of $1.63, down 2.4% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $85.13 billion, up 2.05% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.92 per share and a revenue of $334.35 billion, signifying shifts of -11.17% and 0%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Exxon Mobil. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Over the past month, the Zacks Consensus EPS estimate has moved 3.52% lower. Exxon Mobil is holding a Zacks Rank of #5 (Strong Sell) right now.
From a valuation perspective, Exxon Mobil is currently exchanging hands at a Forward P/E ratio of 17.05. This valuation marks a premium compared to its industry average Forward P/E of 10.02.
One should further note that XOM currently holds a PEG ratio of 7.41. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Integrated - International industry currently had an average PEG ratio of 2 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 228, this industry ranks in the bottom 7% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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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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