Exxon Mobil Corp (NYSE: XOM) has reported earnings for its first fiscal quarter (ending March 31) of $2.06 versus $2.79 for the same period a year ago — a decline of -26%. This result fell short of the consensus estimate of $2.26 by $-0.20. For the latest four quarters through March 31, E.P.S. were $8.16 versus $14.77 for the same period a year ago — a decline of -45%.
Recent Price Action
Exxon Mobil Corp (NYSE: XOM) stock declined by -2.8% on 4/26/24. The shares closed at $117.96. Moreover, trading volume in this decline was unusually high at 156% of normal. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, XOM is expected to continue to be a major Value Builder.
Exxon Mobil has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Exxon Mobil has a neutral Power Rating of 56 but a good Appreciation Score of 75, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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