Here's Why Exxon Mobil (XOM) Gained But Lagged the Market Today

Company Performance - Exxon Mobil's stock closed at $111.51, reflecting a +1.63% change from the previous day, underperforming compared to the S&P 500's gain of 1.83% [1] - Over the past month, Exxon Mobil's shares increased by 1.58%, outperforming the Oils-Energy sector's decline of 7.35% and the S&P 500's drop of 3.31% [1] Earnings Forecast - Exxon Mobil is expected to release its earnings on January 31, 2025, with projected earnings per share (EPS) of $1.63, indicating a 34.27% decrease from the same quarter last year [2] - The consensus estimate anticipates revenue of $88.46 billion, which represents a 4.88% increase from the same quarter last year [2] Analyst Estimates - Recent changes in analyst estimates for Exxon Mobil reflect evolving short-term business trends, with positive revisions indicating analyst optimism about the company's profitability [3] - The Zacks Consensus EPS estimate has decreased by 5.7% over the past month, and Exxon Mobil currently holds a Zacks Rank of 3 (Hold) [5] Valuation Metrics - Exxon Mobil has a Forward P/E ratio of 14.44, which is higher than the industry average Forward P/E of 8.92 [6] - The company has a PEG ratio of 2.89, compared to the average PEG ratio of 1.77 for the Oil and Gas - Integrated - International industry [7] Industry Context - The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector and holds a Zacks Industry Rank of 45, placing it in the top 18% of over 250 industries [8]