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Exxon Mobil (XOM) Stock Slides as Market Rises: Facts to Know Before You Trade
ExxonMobilExxonMobil(US:XOM) ZACKSยท2024-06-17 22:50

Company Performance - Exxon Mobil's stock closed at $108.36, down 0.69% from the previous trading session, underperforming the S&P 500's gain of 0.77% [1] - The stock has decreased by 8.8% over the past month, compared to the Oils-Energy sector's loss of 7.24% and the S&P 500's gain of 3.71% [1] Financial Projections - Earnings per share (EPS) for the upcoming release are projected at $2.42, representing a 24.74% increase year-over-year [1] - Revenue is estimated to be $91.69 billion, up 10.59% from the same quarter last year [1] - For the entire fiscal year, earnings are expected to be $9.36 per share, with revenue projected at $360.84 billion, indicating changes of -1.68% and +4.72% respectively from the previous year [1] Analyst Estimates and Rankings - Recent changes in analyst estimates reflect evolving short-term business trends, with a 2.19% decline in the Zacks Consensus EPS estimate over the past month [2] - Exxon Mobil currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook [2] Valuation Metrics - Exxon Mobil has a Forward P/E ratio of 11.66, which is higher than the industry average of 6.99, suggesting it is trading at a premium [3] - The company has a PEG ratio of 3.89, compared to the industry average PEG ratio of 1.77, indicating a higher valuation relative to expected earnings growth [3] Industry Context - The Oil and Gas - Integrated - International industry has a Zacks Industry Rank of 147, placing it in the bottom 42% of over 250 industries [3]