Exxon Mobil ( NYSE: XOM ) is scheduled to announce Q4 earnings results on Tuesday, January 31st, before market open.
The consensus EPS Estimate is $3.28 (+60.0% Y/Y) and the consensus Revenue Estimate is $90.21B (+6.2% Y/Y).
Over the last 2 years, XOM has beaten EPS estimates 88% of the time and has beaten revenue estimates 88% of the time.
Over the last 3 months, EPS estimates have seen 9 upward revisions and 5 downward. Revenue estimates have seen 1 upward revision and 4 downward.
The company's stock rose +4% on Oct. 28 after posting record profit of nearly $20 billion for the third quarter , followed by a 3.4% dividend hike.
Exxon has a Quant rating of HOLD, with a 3.49 rating score.
XOM has an industry ranking of 7 out of 17 in the oil and gas sector, as per SA's Quant ranking, and 4 spots ahead of its main rival Chevron.
Wall Street analysts rate the XOM stock BUY, while Seeking Alpha authors rate it HOLD.
Mizuho, in its January 10 report on Exxon, said "We are assuming coverage of XOM with a Buy rating and a NAV-based price target of $140.00/sh. Although we have incorporated a more conservative outlook for earnings and cash flows than both management and consensus, it is hard to construct a realistic scenario where the company will not be a leader in cash generation for the next 3-5 years. This is not reflected in the modest discount to peers based on our FCF/EV estimates. We believe XOM is a Top Pick in the sector for 2023".
Analysts at Mizuho added that even in a less constructive outlook for Energy, the XOM stock should "outperform".
Recent earnings Analysis from our contributors: Exxon Mobil: A Bull Trap Ahead Of Q4 Earnings .
The oil major said Monday it awarded the contract for the next stage of front-end engineering and design of its planned giant low-carbon hydrogen project in Texas to Technip Energies; details were not disclosed.
XOM gained +80.5% in 2022, while the benchmark S&P 500 index fell nearly 20% for the year. Stock is up 8.6% so far this year, as of last close.
Last Friday, main rival Chevron missed Q4 adjusted earnings expectations , sending its shares down nearly 2%. CVX's Q4 net income was $6.35B, or $3.33/share and revenue was $56.47B.
For further details see:Exxon earnings on deck, what to expect