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The Zacks Analyst Blog Highlights: Exxon Mobil, Chevron, Texas Instruments, Caterpillar and Intercontinental Exchange

·7 min read
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For Immediate Release

Chicago, IL – April 26, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Exxon Mobil Corporation XOM, Chevron Corporation CVX, Texas Instruments Inc. TXN, Caterpillar Inc. CAT and Intercontinental Exchange Inc. ICE.

Here are highlights from Friday’s Analyst Blog:

5 Must-Buy Corporate Giants Ahead of Q1 Earnings

The first-quarter 2021 earnings season has picked up momentum this week. It will be in full swing next week as more than 875 companies are slated to release their quarterly financial numbers. The overall earnings picture is highly impressive so far, with favorable comparison from the same quarter of last year, which was partially affected by the global outbreak of the deadly coronavirus.

Meanwhile, a handful of corporate behemoths (market capital > $60 billion) with a Zacks Rank #1 (Strong Buy) or 2 (Buy) are poised to beat first-quarter earnings estimates. Investment in these stocks may turn profitable in the near future.

Q1 2021 at a Glance  

Several positive developments took place last quarter. First, the U.S. government ramped up nationwide COVID-19 vaccination on a priority basis. The speeding up of the process implies faster-than-expected reopening of the U.S. economy. This along with the easing of COVID-19 infections boosted business activities.

Second, the two major fiscal stimuli — the $900 billion of the second-round of government aid package approved in late December and a fresh round of a massive $1.9 trillion coronavirus relief package approved by the Biden administration in February — have significantly strengthened the U.S. economy.

Third, a series of recently released economic data like job market data, manufacturing and services index, vehicle sales and consumer satisfaction optimization indexes have clearly indicated that the U.S. economy is witnessing a strong recovery since the beginning of 2021.

Impressive Q1 Earnings So Far

The first-quarter 2021 earnings season has started with much vigor. As of Apr 21, just 75 S&P 500 companies reported results. Total earnings of these companies are up 59.2% year over year on 6.1% higher revenues, with 85.3% companies having surpassed EPS estimates and 78.7% beating on revenues.

For the first quarter as a whole, total earnings of the S&P 500 companies are expected to be up 28.1% from the same period last year on 6.3% higher revenues. These estimates were favorably compared with the 20.4% jump in earnings on 5.6% higher revenues estimated at the beginning of the reporting cycle. (Read More: A Very Strong Earnings Picture for Q1 and Beyond)

Our Top Picks

We have narrowed down our search to five corporate bigwigs slated to release first-quarter earnings results next week. Each of these stocks carries either a Zacks Rank #1 or 2 and has a positive Earnings ESP. You can see the complete list of today’s Zacks #1 Rank stocks here.

Our research shows that for stocks with the combination of a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, the chance of an earnings beat is as high as 70%. These stocks are anticipated to appreciate after the earnings releases. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Exxon Mobil explores and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through the Upstream, Downstream and Chemical segments. The Zacks Rank #1 company has an Earnings ESP of +8.09%.

Exxon Mobil has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.6% over the last 7 days. It has a trailing four-quarter earnings surprise of 362.4%, on average. The company is set to release earnings results on Apr 30, before the opening bell.

Chevron is one of the largest oil and gas companies in the world with operations that span almost every corner of the globe. It operates in two segments, Upstream and Downstream. The Zacks Rank #1 company has an Earnings ESP of +6.08%.

Chevron has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 1% over the last 7 days. It has a trailing four-quarter earnings surprise of 14%, on average. The company is set to release earnings results on Apr 30, before the opening bell.

Texas Instruments designs, manufactures and sells semiconductors to electronics designers and manufacturers worldwide. The company is seeing particular success in certain fast-growing segments of the automotive market. It operates in two segments, Analog and Embedded Processing. The Zacks Rank #2 company has an Earnings ESP of +4.25%.

Texas Instruments has an expected earnings growth rate of 13.4% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.3% over the last 30 days. It has a trailing four-quarter earnings surprise of 34.9%, on average. The company is set to release earnings results on Apr 27, after the closing bell.

Caterpillar manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives worldwide. The Zacks Rank #2 company has an Earnings ESP of +3.15%.

Caterpillar has an expected earnings growth rate of 25.8% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.2% over the last 7 days. It has a trailing four-quarter earnings surprise of 27.2%, on average. The company is set to release earnings results on Apr 29, before the opening bell.

Intercontinental Exchange operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, the European Union, Singapore, Israel, and Canada. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology. The Zacks Rank #2 company has an Earnings ESP of +0.77%.

Intercontinental Exchange has an expected earnings growth rate of 11.8% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 2.2% over the last 30 days. It has a trailing four-quarter earnings surprise of 3.7%, on average. The company is set to release earnings results on Apr 29, before the opening bell.

Zacks Top 10 Stocks for 2021

In addition to the stocks discussed above, would you like to know about our 10 best buy-and-hold tickers for the entirety of 2021?

Last year's 2020 Zacks Top 10 Stocks portfolio returned gains as high as +386.8%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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Exxon Mobil Corporation (XOM) : Free Stock Analysis Report

Chevron Corporation (CVX) : Free Stock Analysis Report

Caterpillar Inc. (CAT) : Free Stock Analysis Report

Texas Instruments Incorporated (TXN) : Free Stock Analysis Report

Intercontinental Exchange Inc. (ICE) : Free Stock Analysis Report

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