22.10.2021 21:00

Exxon Mobil (XOM) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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Exxon Mobil (XOM) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2021. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on October 29, 2021, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.Zacks Consensus EstimateThis oil and natural gas company is expected to post quarterly earnings of $1.55 per share in its upcoming report, which represents a year-over-year change of +961.1%.Revenues are expected to be $73.3 billion, up 58.7% from the year-ago quarter.Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 14.34% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.Price, Consensus and EPS SurpriseEarnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).How Have the Numbers Shaped Up for Exxon?For Exxon, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.57%.On the other hand, the stock currently carries a Zacks Rank of #1.So, this combination indicates that Exxon will most likely beat the consensus EPS estimate.Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Exxon would post earnings of $1.02 per share when it actually produced earnings of $1.10, delivering a surprise of +7.84%.Over the last four quarters, the company has beaten consensus EPS estimates four times.Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.Exxon appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.Zacks Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.You know this company from its past glory days, but few would expect that it's poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks' Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Exxon Mobil Corporation (XOM): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Quelle: Zacks

Nachrichten zu ExxonMobil Corp. (Exxon Mobil)

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Um Ihnen die Übersicht über die große Anzahl an Nachrichten, die jeden Tag für ein Unternehmen erscheinen, etwas zu erleichtern, haben wir den Nachrichtenfeed in folgende Kategorien aufgeteilt:

Relevant: Nachrichten von ausgesuchten Quellen, die sich im Speziellen mit diesem Unternehmen befassen

Alle: Alle Nachrichten, die dieses Unternehmen betreffen. Z.B. auch Marktberichte die außerdem auch andere Unternehmen betreffen

vom Unternehmen: Nachrichten und Adhoc-Meldungen, die vom Unternehmen selbst veröffentlicht werden

Peer Group: Nachrichten von Unternehmen, die zur Peer Group gehören

Analysen zu ExxonMobil Corp. (Exxon Mobil)

  • Alle
  • Buy
  • Hold
  • Sell
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02.12.2021ExxonMobil BuyGoldman Sachs Group Inc.
02.12.2021ExxonMobil HoldJefferies & Company Inc.
02.12.2021ExxonMobil UnderperformRBC Capital Markets
01.11.2021ExxonMobil BuyGoldman Sachs Group Inc.
29.10.2021ExxonMobil UnderperformRBC Capital Markets
02.12.2021ExxonMobil BuyGoldman Sachs Group Inc.
01.11.2021ExxonMobil BuyGoldman Sachs Group Inc.
29.06.2021ExxonMobil overweightJP Morgan Chase & Co.
11.06.2021ExxonMobil overweightJP Morgan Chase & Co.
08.06.2021ExxonMobil overweightJP Morgan Chase & Co.
02.12.2021ExxonMobil HoldJefferies & Company Inc.
07.10.2021ExxonMobil NeutralCredit Suisse Group
07.06.2021ExxonMobil NeutralCredit Suisse Group
30.04.2021ExxonMobil HoldJefferies & Company Inc.
12.03.2021ExxonMobil NeutralUBS AG
02.12.2021ExxonMobil UnderperformRBC Capital Markets
29.10.2021ExxonMobil UnderperformRBC Capital Markets
02.06.2021ExxonMobil UnderperformRBC Capital Markets
30.04.2021ExxonMobil UnderperformRBC Capital Markets
04.03.2021ExxonMobil UnderperformRBC Capital Markets

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für ExxonMobil Corp. (Exxon Mobil) nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"

Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"

Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"
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