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Exxon Mobil (XOM) Suffers a Larger Drop Than the General Market: Key Insights
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In the latest trading session, Exxon Mobil (XOM - Free Report) closed at $109.45, marking a -1.47% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.17%. Meanwhile, the Dow experienced a drop of 0.58%, and the technology-dominated Nasdaq saw an increase of 0.27%.
Shares of the oil and natural gas company witnessed a loss of 3.36% over the previous month, trailing the performance of the Oils-Energy sector with its loss of 0.51% and outperforming the S&P 500's loss of 3.95%.
The investment community will be paying close attention to the earnings performance of Exxon Mobil in its upcoming release. The company is slated to reveal its earnings on October 27, 2023. It is anticipated that the company will report an EPS of $2.39, marking a 46.29% fall compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $88.01 billion, indicating a 21.47% downward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $9.44 per share and a revenue of $347.56 billion, signifying shifts of -32.86% and -15.98%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Exxon Mobil. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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.
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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 4.72% higher. Exxon Mobil presently features a Zacks Rank of #2 (Buy).
In the context of valuation, Exxon Mobil is at present trading with a Forward P/E ratio of 11.77. Its industry sports an average Forward P/E of 6.8, so one might conclude that Exxon Mobil is trading at a premium comparatively.
Investors should also note that XOM has a PEG ratio of 3.92 right now. 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 average PEG ratio for the Oil and Gas - Integrated - International industry stood at 0.85 at the close of the market yesterday.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 64, positioning it in the top 26% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Exxon Mobil (XOM) Suffers a Larger Drop Than the General Market: Key Insights
In the latest trading session, Exxon Mobil (XOM - Free Report) closed at $109.45, marking a -1.47% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.17%. Meanwhile, the Dow experienced a drop of 0.58%, and the technology-dominated Nasdaq saw an increase of 0.27%.
Shares of the oil and natural gas company witnessed a loss of 3.36% over the previous month, trailing the performance of the Oils-Energy sector with its loss of 0.51% and outperforming the S&P 500's loss of 3.95%.
The investment community will be paying close attention to the earnings performance of Exxon Mobil in its upcoming release. The company is slated to reveal its earnings on October 27, 2023. It is anticipated that the company will report an EPS of $2.39, marking a 46.29% fall compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $88.01 billion, indicating a 21.47% downward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $9.44 per share and a revenue of $347.56 billion, signifying shifts of -32.86% and -15.98%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Exxon Mobil. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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.
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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 4.72% higher. Exxon Mobil presently features a Zacks Rank of #2 (Buy).
In the context of valuation, Exxon Mobil is at present trading with a Forward P/E ratio of 11.77. Its industry sports an average Forward P/E of 6.8, so one might conclude that Exxon Mobil is trading at a premium comparatively.
Investors should also note that XOM has a PEG ratio of 3.92 right now. 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 average PEG ratio for the Oil and Gas - Integrated - International industry stood at 0.85 at the close of the market yesterday.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 64, positioning it in the top 26% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.