In the latest trading session, Exxon Mobil (XOM) closed at $124.61, marking a +1.38% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.65%. Elsewhere, the Dow gained 0.48%, while the tech-heavy Nasdaq added 0.82%.
Shares of the oil and natural gas company witnessed a gain of 2.82% over the previous month, beating the performance of the Oils-Energy sector with its gain of 0.68%, and the S&P 500's gain of 1.15%.
Investors will be eagerly watching for the performance of Exxon Mobil in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.66, signifying a 0.60% drop compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $84.8 billion, showing a 1.65% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.94 per share and a revenue of $334.13 billion, indicating changes of -10.91% and 0%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Exxon Mobil. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 last 30 days, the Zacks Consensus EPS estimate has moved 3.63% lower. Currently, Exxon Mobil is carrying a Zacks Rank of #3 (Hold).
Looking at its valuation, Exxon Mobil is holding a Forward P/E ratio of 17.42. This represents a premium compared to its industry average Forward P/E of 11.
Also, we should mention that XOM has a PEG ratio of 7.57. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Oil and Gas - Integrated - International industry had an average PEG ratio of 1.92 as trading concluded yesterday.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 209, putting it in the bottom 15% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding 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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