Exxon Mobil (XOM) Beats Q4 Earnings Estimates

Group 1: Earnings Performance - Exxon Mobil reported quarterly earnings of $1.67 per share, exceeding the Zacks Consensus Estimate of $1.55 per share, but down from $2.48 per share a year ago, representing an earnings surprise of 7.74% [1] - Over the last four quarters, the company has surpassed consensus EPS estimates three times [2] - The company posted revenues of $83.43 billion for the quarter, missing the Zacks Consensus Estimate by 4.24%, and down from $84.34 billion year-over-year [2] Group 2: Stock Performance and Outlook - Exxon shares have increased by approximately 1.9% since the beginning of the year, compared to the S&P 500's gain of 3.2% [3] - The current consensus EPS estimate for the upcoming quarter is $1.80 on revenues of $86.28 billion, and for the current fiscal year, it is $7.65 on revenues of $352.25 billion [7] - The Zacks Rank for Exxon is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] Group 3: Industry Context - The Oil and Gas - Integrated - International industry is currently in the top 36% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]