In the latest trading session, Exxon Mobil (XOM) closed at $76.27, marking a -0.88% move from the previous day. This move was narrower than the S&P 500's daily loss of 0.95%. Elsewhere, the Dow lost 0.67%, while the tech-heavy Nasdaq lost 1.51%.
Heading into today, shares of the oil and natural gas company had gained 3.85% over the past month, outpacing the Oils-Energy sector's gain of 3.19% and lagging the S&P 500's gain of 4.32% 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 $0.98 per share. This would mark year-over-year growth of 6.52%. Our most recent consensus estimate is calling for quarterly revenue of $74.45 billion, up 1.29% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.99 per share and revenue of $282.29 billion. These totals would mark changes of -19.07% and -2.73%, respectively, from last year.
Any recent changes to analyst estimates for XOM should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate has moved 0% lower. XOM currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that XOM has a Forward P/E ratio of 19.29 right now. For comparison, its industry has an average Forward P/E of 12.07, which means XOM is trading at a premium to the group.
We can also see that XOM currently has a PEG ratio of 1.76. 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. Oil and Gas - Integrated - International stocks are, on average, holding a PEG ratio of 1.82 based on yesterday's closing prices.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 224, putting it in the bottom 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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