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.
Recent analysis:
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 .
Recent news:
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