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Exxon Mobil (XOM) Outpaces Stock Market Gains: What You Should Know
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Exxon Mobil (XOM - Free Report) closed at $117.64 in the latest trading session, marking a +0.81% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.07%. Elsewhere, the Dow gained 0.02%, while the tech-heavy Nasdaq added 0.01%.
Heading into today, shares of the oil and natural gas company had gained 6.05% over the past month, outpacing the Oils-Energy sector's gain of 5.62% and the S&P 500's gain of 0.38% in that time.
Exxon Mobil will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.12, down 52.36% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $85.6 billion, down 23.62% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $8.94 per share and revenue of $342.54 billion, which would represent changes of -36.42% and -17.2%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Exxon Mobil. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.65% higher. Exxon Mobil is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Exxon Mobil currently has a Forward P/E ratio of 13.06. This valuation marks a premium compared to its industry's average Forward P/E of 7.16.
Also, we should mention that XOM has a PEG ratio of 0.61. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. 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 208, putting it in the bottom 18% 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) Outpaces Stock Market Gains: What You Should Know
Exxon Mobil (XOM - Free Report) closed at $117.64 in the latest trading session, marking a +0.81% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.07%. Elsewhere, the Dow gained 0.02%, while the tech-heavy Nasdaq added 0.01%.
Heading into today, shares of the oil and natural gas company had gained 6.05% over the past month, outpacing the Oils-Energy sector's gain of 5.62% and the S&P 500's gain of 0.38% in that time.
Exxon Mobil will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.12, down 52.36% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $85.6 billion, down 23.62% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $8.94 per share and revenue of $342.54 billion, which would represent changes of -36.42% and -17.2%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Exxon Mobil. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.65% higher. Exxon Mobil is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Exxon Mobil currently has a Forward P/E ratio of 13.06. This valuation marks a premium compared to its industry's average Forward P/E of 7.16.
Also, we should mention that XOM has a PEG ratio of 0.61. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. 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 208, putting it in the bottom 18% 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.