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Exxon Mobil (XOM) Stock Sinks As Market Gains: What You Should Know
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Exxon Mobil (XOM - Free Report) closed at $114.16 in the latest trading session, marking a -1.25% move from the prior day. This change lagged the S&P 500's daily gain of 0.67%. Meanwhile, the Dow gained 0.25%, and the Nasdaq, a tech-heavy index, added 1.14%.
Heading into today, shares of the oil and natural gas company had gained 3.38% over the past month, lagging the Oils-Energy sector's gain of 4.25% and outpacing the S&P 500's loss of 0.73% in that time.
Investors will be hoping for strength from Exxon Mobil as it approaches its next earnings release. In that report, analysts expect Exxon Mobil to post earnings of $2.12 per share. This would mark a year-over-year decline of 52.36%. Our most recent consensus estimate is calling for quarterly revenue of $85.6 billion, down 23.62% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $8.94 per share and revenue of $342.54 billion. These totals would mark changes of -36.42% and -17.2%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Exxon Mobil. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.26% higher. Exxon Mobil is currently a Zacks Rank #3 (Hold).
Digging into valuation, Exxon Mobil currently has a Forward P/E ratio of 12.94. This valuation marks a premium compared to its industry's average Forward P/E of 7.1.
We can also see that XOM currently has a PEG ratio of 0.61. 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 was holding an average PEG ratio of 0.84 at yesterday's closing price.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 223, putting it in the bottom 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks 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 follow all of these stock-moving metrics, and many more, on Zacks.com.
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Exxon Mobil (XOM) Stock Sinks As Market Gains: What You Should Know
Exxon Mobil (XOM - Free Report) closed at $114.16 in the latest trading session, marking a -1.25% move from the prior day. This change lagged the S&P 500's daily gain of 0.67%. Meanwhile, the Dow gained 0.25%, and the Nasdaq, a tech-heavy index, added 1.14%.
Heading into today, shares of the oil and natural gas company had gained 3.38% over the past month, lagging the Oils-Energy sector's gain of 4.25% and outpacing the S&P 500's loss of 0.73% in that time.
Investors will be hoping for strength from Exxon Mobil as it approaches its next earnings release. In that report, analysts expect Exxon Mobil to post earnings of $2.12 per share. This would mark a year-over-year decline of 52.36%. Our most recent consensus estimate is calling for quarterly revenue of $85.6 billion, down 23.62% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $8.94 per share and revenue of $342.54 billion. These totals would mark changes of -36.42% and -17.2%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Exxon Mobil. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.26% higher. Exxon Mobil is currently a Zacks Rank #3 (Hold).
Digging into valuation, Exxon Mobil currently has a Forward P/E ratio of 12.94. This valuation marks a premium compared to its industry's average Forward P/E of 7.1.
We can also see that XOM currently has a PEG ratio of 0.61. 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 was holding an average PEG ratio of 0.84 at yesterday's closing price.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 223, putting it in the bottom 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks 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 follow all of these stock-moving metrics, and many more, on Zacks.com.