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

The latest trading session saw Exxon Mobil (XOM) ending at $111.51, denoting a +1.63% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 1.83%. Elsewhere, the Dow saw an upswing of 1.65%, while the tech-heavy Nasdaq appreciated by 2.45%.Heading into today, shares of the oil and natural gas company had gained 1.58% over the past month, outpacing the Oils-Energy sector's loss of 7.35% and the S&P 500's loss of 3.31% in that time.The investment community will be paying close attention to the earnings performance of Exxon Mobil in its upcoming release. The company is slated to reveal its earnings on January 31, 2025. The company's earnings per share (EPS) are projected to be $1.63, reflecting a 34.27% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $88.46 billion, indicating a 4.88% upward movement from the same quarter last year.It is also important to note the recent changes to analyst estimates for Exxon Mobil. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 5.7% lower within the past month. Currently, Exxon Mobil is carrying a Zacks Rank of #3 (Hold).In the context of valuation, Exxon Mobil is at present trading with a Forward P/E ratio of 14.44. This signifies a premium in comparison to the average Forward P/E of 8.92 for its industry.We can also see that XOM currently has a PEG ratio of 2.89. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Oil and Gas - Integrated - International industry stood at 1.77 at the close of the market yesterday.The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 45, finds itself in the top 18% echelons of all 250+ industries.The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.Free Today: Profiting from The Future’s Brightest Energy SourceThe demand for electricity is growing exponentially. At the same time, we’re working to reduce our dependence on fossil fuels like oil and natural gas. Nuclear energy is an ideal replacement.Leaders from the US and 21 other countries recently committed to TRIPLING the world’s nuclear energy capacities. This aggressive transition could mean tremendous profits for nuclear-related stocks – and investors who get in on the action early enough.Our urgent report, Atomic Opportunity: Nuclear Energy's Comeback, explores the key players and technologies driving this opportunity, including 3 standout stocks poised to benefit the most.Download Atomic Opportunity: Nuclear Energy's Comeback free today.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 ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks