Exxon Mobil (XOM) closed at $81.85 in the latest trading session, marking a +0.43% move from the prior day. This change outpaced the S&P 500's 1.44% loss on the day. Meanwhile, the Dow lost 1.27%, and the Nasdaq, a tech-heavy index, lost 2.06%.
Coming into today, shares of the oil and natural gas company had lost 3.7% in the past month. In that same time, the Oils-Energy sector gained 0.27%, while the S&P 500 lost 2.61%.
Wall Street will be looking for positivity from XOM as it approaches its next earnings report date. This is expected to be November 2, 2018. The company is expected to report EPS of $1.19, up 27.96% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $72.45 billion, up 9.51% from the year-ago period.
XOM's full-year Zacks Consensus Estimates are calling for earnings of $4.57 per share and revenue of $293.88 billion. These results would represent year-over-year changes of +27.3% and +13.54%, respectively.
Investors should also note any recent changes to analyst estimates for XOM. 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.
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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.59% higher. XOM is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note XOM's current valuation metrics, including its Forward P/E ratio of 17.84. This represents a premium compared to its industry's average Forward P/E of 11.34.
Investors should also note that XOM has a PEG ratio of 1.34 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 1.14 at yesterday's closing price.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 46, which puts it in the top 18% 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.
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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