Exxon Mobil (XOM) closed the most recent trading day at $79.01, moving -1.43% from the previous trading session. This change lagged the S&P 500's daily loss of 0.21%. Meanwhile, the Dow lost 0.09%, and the Nasdaq, a tech-heavy index, lost 0.18%.
Prior to today's trading, shares of the oil and natural gas company had gained 7.34% over the past month. This has outpaced the Oils-Energy sector's gain of 1.85% and the S&P 500's gain of 1.81% in that time.
Wall Street will be looking for positivity from XOM as it approaches its next earnings report date. In that report, analysts expect XOM to post earnings of $0.89 per share. This would mark a year-over-year decline of 17.89%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $70.82 billion, up 3.83% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.12 per share and revenue of $296.31 billion, which would represent changes of -16.53% and +2.1%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for XOM. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for 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. Over the past month, the Zacks Consensus EPS estimate has moved 4.01% higher. XOM currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, XOM is holding a Forward P/E ratio of 19.48. For comparison, its industry has an average Forward P/E of 11.89, which means XOM is trading at a premium to the group.
Investors should also note that XOM has a PEG ratio of 1.18 right now. 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 1.18 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 100, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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