Exxon Mobil (XOM) closed the most recent trading day at $148.13, moving -1.54% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.21% for the day. On the other hand, the Dow registered a loss of 0.07%, and the technology-centric Nasdaq increased by 0.01%.
The oil and natural gas company's shares have seen a decrease of 0.51% over the last month, not keeping up with the Oils-Energy sector's gain of 6.06% and outstripping the S&P 500's loss of 2.26%.
The upcoming earnings release of Exxon Mobil will be of great interest to investors. The company is forecasted to report an EPS of $1.58, showcasing a 10.23% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $82.47 billion, indicating a 0.8% decrease compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.74 per share and a revenue of $331.8 billion, signifying shifts of -3.58% and -0.13%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Exxon Mobil. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.22% higher. At present, Exxon Mobil boasts a Zacks Rank of #3 (Hold).
Digging into valuation, Exxon Mobil currently has a Forward P/E ratio of 22.33. This indicates a premium in contrast to its industry's Forward P/E of 12.72.
Also, we should mention that XOM has a PEG ratio of 1.23. 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 1.55 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 88, finds itself in the top 36% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in 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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