In the latest trading session, Exxon Mobil (XOM) closed at $81.96, marking a -1.25% move from the previous day. This change lagged the S&P 500's daily loss of 0.61%. Elsewhere, the Dow lost 0.72%, while the tech-heavy Nasdaq lost 0.56%.
Prior to today's trading, shares of the oil and natural gas company had gained 4.04% over the past month. This has lagged the Oils-Energy sector's gain of 5.73% and the S&P 500's gain of 5.68% in that time.
XOM will be looking to display strength as it nears its nex t earnings release, which is expected to be April 26, 2019. The company is expected to report EPS of $0.77, down 29.36% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $66.31 billion, down 2.79% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.03 per share and revenue of $279.34 billion. These totals would mark changes of -18.26% and -3.75%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for XOM. These revisions help to show the ever-changing nature of near-term business trends. 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. 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.
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. Within the past 30 days, our consensus EPS projection has moved 0.5% lower. XOM currently has a Zacks Rank of #3 (Hold).
Investors should also note XOM's current valuation metrics, including its Forward P/E ratio of 20.59. This valuation marks a premium compared to its industry's average Forward P/E of 11.79.
We can also see that XOM currently has a PEG ratio of 1.38. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Oil and Gas - Integrated - International stocks are, on average, holding a PEG ratio of 1.46 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 87, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.