In the latest close session, Exxon Mobil (XOM) was down 2.58% at $111.74. The stock's performance was behind the S&P 500's daily gain of 0.96%. At the same time, the Dow added 0.89%, and the tech-heavy Nasdaq gained 0.94%.
The oil and natural gas company's shares have seen an increase of 11.33% over the last month, surpassing the Oils-Energy sector's gain of 6.67% and the S&P 500's gain of 0.5%.
Investors will be eagerly watching for the performance of Exxon Mobil in its upcoming earnings disclosure. In that report, analysts expect Exxon Mobil to post earnings of $1.47 per share. This would mark a year-over-year decline of 31.31%. At the same time, our most recent consensus estimate is projecting a revenue of $81.5 billion, reflecting a 12.42% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $6.11 per share and a revenue of $329.42 billion, demonstrating changes of -21.57% and -5.77%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Exxon Mobil. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.29% lower. Exxon Mobil is currently a Zacks Rank #3 (Hold).
In terms of valuation, Exxon Mobil is currently trading at a Forward P/E ratio of 18.78. This expresses a premium compared to the average Forward P/E of 11.11 of its industry.
Investors should also note that XOM has a PEG ratio of 2.29 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. XOM's industry had an average PEG ratio of 1.89 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 202, finds itself in the bottom 18% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming 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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