Exxon Mobil (XOM) closed at $82 in the latest trading session, marking a +0.44% move from the prior day. This move lagged the S&P 500's daily gain of 0.63%. Meanwhile, the Dow gained 0.68%, and the Nasdaq, a tech-heavy index, added 0.64%.
Coming into today, shares of the oil and natural gas company had lost 5.21% in the past month. In that same time, the Oils-Energy sector lost 8.15%, while the S&P 500 lost 4.95%.
Investors will be hoping for strength from XOM as it approaches its next earnings release, which is expected to be February 1, 2019. On that day, XOM is projected to report earnings of $1.42 per share, which would represent year-over-year growth of 61.36%. Our most recent consensus estimate is calling for quarterly revenue of $78.28 billion, up 17.69% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.74 per share and revenue of $292.41 billion, which would represent changes of +32.03% and +12.97%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for XOM. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 3.06% higher. XOM is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that XOM has a Forward P/E ratio of 17.21 right now. This valuation marks a premium compared to its industry's average Forward P/E of 11.33.
We can also see that XOM currently has a PEG ratio of 1.29. 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. XOM's industry had an average PEG ratio of 1.01 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 33, putting it in the top 13% 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.
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