In the latest trading session, Exxon Mobil Holdings (XOM) closed at $164.23, marking a +2.22% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.48%. Meanwhile, the Dow lost 0.77%, and the Nasdaq, a tech-heavy index, lost 0.64%.
Prior to today's trading, shares of the oil and natural gas company had gained 0.54% lagged the Oils-Energy sector's gain of 8.39% and outpaced the S&P 500's loss of 0.97%.
Investors will be eagerly watching for the performance of Exxon Mobil Holdings in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $3.78, reflecting a 101.06% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $104.88 billion, showing a 22.96% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $11.98 per share and a revenue of $409.73 billion, signifying shifts of +71.39% and +23.32%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Exxon Mobil Holdings. 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 business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 2.92% lower. Right now, Exxon Mobil Holdings possesses a Zacks Rank of #3 (Hold).
Digging into valuation, Exxon Mobil Holdings currently has a Forward P/E ratio of 13.41. This indicates a premium in contrast to its industry's Forward P/E of 8.8.
We can additionally observe that XOM currently boasts a PEG ratio of 0.98. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Oil and Gas - Integrated - International industry stood at 0.82 at the close of the market yesterday.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 156, this industry ranks in the bottom 37% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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