## ExxonMobil Earnings Preview: What to Expect on November 1st
ExxonMobil, a leading integrated oil and gas company, is poised to release its quarterly earnings report on Friday, November 1st, 2024. Analysts anticipate strong earnings, projecting an earnings per share (EPS) of $1.96. This is particularly noteworthy given that in the previous earnings release, ExxonMobil exceeded EPS estimates by $0.13, although this was followed by a 0.0% drop in the share price the following trading day.
While earnings performance is crucial, investors will be closely watching for guidance on the company’s future prospects. This is especially important for new investors to understand, as market reactions are often driven by the outlook for the next quarter, not just the current results.
### Examining ExxonMobil’s Past Performance
Here’s a look at ExxonMobil’s recent earnings history and how the share price reacted:
| Quarter | EPS Estimate | EPS Actual | Price Change % |
|—|—|—|—|
| Q2 2024 | $2.01 | $2.14 | -0.0% |
| Q1 2024 | $2.06 | $2.06 | -3.0% |
| Q4 2023 | $2.21 | $2.48 | -0.0% |
| Q3 2023 | $2.24 | $2.27 | -2.0% |
As of October 30th, shares of ExxonMobil were trading at $116.69. Over the past 52 weeks, shares are up 9.13%. This positive track record suggests long-term shareholders are likely optimistic going into this earnings release.
### Analyst Insights and Expectations
Staying informed about market sentiment and industry expectations is essential for investors. The consensus rating for ExxonMobil is currently Neutral, based on 14 analyst ratings. With an average one-year price target of $131.93, this suggests a potential 13.06% upside for investors.
### Comparative Peer Analysis
Understanding how ExxonMobil’s performance stacks up against its peers is crucial. Here’s a comparison of analyst ratings and average one-year price targets for three prominent players in the industry: Chevron, Shell, and TotalEnergies:
*
Chevron:
Analysts project an Outperform trajectory, with an average one-year price target of $173.08, indicating a potential 48.32% upside.*
Shell:
Analysts project an Outperform trajectory, with an average one-year price target of $84.0, indicating a potential 28.01% downside.*
TotalEnergies:
Analysts favor an Neutral trajectory, with an average one-year price target of $74.5, suggesting a potential 36.16% downside.### Key Takeaways from Peer Analysis
When analyzing ExxonMobil’s performance against its peers, several key metrics emerge:
| Company | Consensus | Revenue Growth | Gross Profit | Return on Equity |
|—|—|—|—|—|
| Exxon Mobil | Neutral | 11.38% | $20.20B | 3.90% |
| Chevron | Outperform | 4.99% | $14.70B | 2.77% |
| Shell | Outperform | -0.15% | $11.90B | 1.89% |
| TotalEnergies | Neutral | -4.56% | $14.09B | 3.21% |
ExxonMobil stands out with its leading revenue growth among its peers, indicating a strong financial position. The company also boasts the highest gross profit margin. However, it ranks last in return on equity, indicating a possible area of concern for investors.
### A Deeper Look at ExxonMobil’s Financial Health
ExxonMobil is a global energy giant, exploring, producing, and refining oil worldwide. In 2023, the company produced an impressive 2.4 million barrels of liquids and 7.7 billion cubic feet of natural gas per day. With a proven reserve base of 16.9 billion barrels of oil equivalent, ExxonMobil is a powerhouse in the industry. The company is also one of the world’s largest refiners with a total global refining capacity of 4.5 million barrels of oil per day and a major player in commodity and specialty chemicals.
ExxonMobil’s financial health is characterized by key indicators:
*
Market Capitalization:
ExxonMobil’s market capitalization is significantly above industry averages, reflecting its substantial size and strong market recognition.*
Revenue Growth:
ExxonMobil’s revenue growth over a three-month period has been impressive, reaching approximately 11.38%. This demonstrates significant growth in the company’s top-line earnings and outpacing the average growth rate among its peers in the Energy sector.*
Net Margin:
ExxonMobil’s net margin is a standout performer, exceeding industry averages. With an impressive net margin of 10.27%, the company showcases strong profitability and effective cost control.*
Return on Equity (ROE):
ExxonMobil’s ROE is another standout metric, exceeding industry averages. This impressive 3.9% ROE highlights the company’s effective utilization of equity capital.*
Return on Assets (ROA):
ExxonMobil’s ROA is also a standout performer, exceeding industry averages. With an impressive ROA of 2.2%, the company demonstrates effective utilization of assets.*
Debt Management:
ExxonMobil maintains a balanced debt approach, with a debt-to-equity ratio below industry norms, standing at 0.16.To stay updated on all earnings releases for ExxonMobil, visit their earnings calendar on our site.
