What's Next: Exxon Mobil's Earnings Preview

Exxon Mobil (NYSE:XOM) will release its quarterly earnings report on Friday, 2024-11-01. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Exxon Mobil to report an earnings per share (EPS) of $1.96.

Anticipation surrounds Exxon Mobil's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Historical Earnings Performance

In the previous earnings release, the company beat EPS by $0.13, leading to a 0.0% drop in the share price the following trading session.

Here's a look at Exxon Mobil's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

2.01

2.06

2.21

2.24

EPS Actual

2.14

2.06

2.48

2.27

Price Change %

-0.0%

-3.0%

-0.0%

-2.0%

Performance of Exxon Mobil Shares

Shares of Exxon Mobil were trading at $116.69 as of October 30. Over the last 52-week period, shares are up 9.13%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Observations about Exxon Mobil

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Exxon Mobil.

The consensus rating for Exxon Mobil is Neutral, based on 14 analyst ratings. With an average one-year price target ...