XOM Stock – Exxon Mobil (XOM) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Exxon Mobil (XOM) closed at $55.50, marking a -0.66% move from the previous day. This move lagged the S&P 500’s daily loss of 0.02%.
Prior to today’s trading, shares of the oil and natural gas company had lost 8.87% over the past month. This has lagged the Oils-Energy sector’s loss of 3.65% and the S&P 500’s gain of 6.61% in that time.
Investors will be hoping for strength from XOM as it approaches its next earnings release. In that report, analysts expect XOM to post earnings of $0.59 per share. This would mark year-over-year growth of 11.32%. Our most recent consensus estimate is calling for quarterly revenue of $55.3 billion, down 1.53% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.10 per share and revenue of $228.22 billion, which would represent changes of +1039.39% and +25.74%, respectively, from the prior year.
Any recent changes to analyst estimates for XOM should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 24.8% higher. XOM currently has a Zacks Rank of #1 (Strong Buy).
Digging into valuation, XOM currently has a Forward P/E ratio of 18.01. For comparison, its industry has an average Forward P/E of 11, which means XOM is trading at a premium to the group.
It is also worth noting that XOM currently has a PEG ratio of 1.89. 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 industry currently had an average PEG ratio of 1.09 as of yesterday’s close.
The Oil and Gas – Integrated – International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 19, which puts it in the top 8% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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