Exxon Mobil (XOM) Ascends While Market Falls: Some Facts to Note

Core Viewpoint - Exxon Mobil's stock performance has outpaced the broader market, but upcoming earnings are expected to show significant declines in both earnings per share and revenue compared to the previous year [1][2]. Company Performance - Exxon Mobil closed at $114.00, with a daily increase of 1.35%, outperforming the S&P 500, which fell by 0.84% [1]. - Prior to the recent trading day, Exxon Mobil shares had increased by 3.97%, while the Oils-Energy sector remained flat [1]. Earnings Expectations - Analysts anticipate Exxon Mobil will report earnings of $1.47 per share, representing a year-over-year decline of 31.31% [2]. - Revenue is projected at $81.62 billion, reflecting a 12.29% decrease from the same quarter last year [2]. Full Year Projections - For the full year, earnings are expected to be $6.11 per share, down 21.57% from last year, with revenue estimated at $328.8 billion, a decline of 5.95% [3]. Analyst Estimates - Recent changes in analyst estimates indicate a shift in business dynamics, with positive revisions suggesting a favorable outlook on Exxon Mobil's health and profitability [4]. - Over the last 30 days, the Zacks Consensus EPS estimate has decreased by 3.29% [6]. Valuation Metrics - Exxon Mobil has a Forward P/E ratio of 18.42, which is higher than the industry average of 10.93 [6]. - The company also has a PEG ratio of 2.25, compared to the industry average of 1.86 [7]. Industry Context - The Oil and Gas - Integrated - International industry, which includes Exxon Mobil, ranks in the bottom 18% of all industries according to the Zacks Industry Rank [8].