Exxon Mobil (XOM) closed at $47.14 in the latest trading session, marking a -0.06% move from the prior day. This change lagged the S&P 500's daily gain of 0.83%. Meanwhile, the Dow gained 0.62%, and the Nasdaq, a tech-heavy index, added 1.43%.
Wall Street will be looking for positivity from XOM as it approaches its next earnings report date. The company is expected to report EPS of -$0.53, down 172.6% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $34.80 billion, down 49.63% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.71 per share and revenue of $192.86 billion. These totals would mark changes of -131.56% and -27.21%, respectively, from last year.
Any recent changes to analyst estimates for XOM should also be noted by investors. 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.
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 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 21.06% higher. XOM currently has a Zacks Rank of #2 (Buy).
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 132, putting it in the bottom 49% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow XOM in the coming trading sessions, be sure to utilize Zacks.com.
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