Exxon Mobil Corpexpected to post earnings of $2.20 a share - Earnings Preview

Reuters
2024.04.24 10:33
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Exxon Mobil Corp is expected to report a 9.5% decrease in quarterly revenue to $78.352 billion. Analysts estimate earnings of $2.20 per share. The average analyst rating is "buy" with a 12-month price target of $129.00.

  • Exxon Mobil Corp (XOM.N) (XOM) is expected to show a fall in quarterly revenue when it reports results on April 26 for the period ending March 31 2024

  • The Spring Texas-based company is expected to report a 9.5% decrease in revenue to $78.352 billion from $86.56 billion a year ago, according to the mean estimate from 8 analysts, based on LSEG data.

  • ​LSEG’s mean analyst estimate for Exxon Mobil Corp is for earnings of $2.20 per share.

  • The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 16 “strong buy” or “buy,” 10 “hold” and no “sell” or “strong sell.”

  • The mean earnings estimate of analysts was unchanged in the last three months. ​

  • Wall Street’s median 12-month price target for Exxon Mobil Corp is $129.00​, above​ its last closing price of $121.03. ​​​ Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Dec. 31 2023 2.21 2.21 2.48 Beat 12

Sep. 30 2023 2.38 2.37 2.27 Missed -4.4

Jun. 30 2023 2.01 2.01 1.94 Missed -3.7​

Mar. 31 2023 2.56 2.59 2.83 Beat 9.4

​​Dec. 3.23 3.29 3.40 Beat 3.2

31 2022

Sep. 30 2022 3.89 3.79 4.45 Beat 17.3​

Jun. 30 2022 3.98 3.74 4.14 Beat 10.8

Mar. 31 2022 2.21 2.12 2.07 Missed -2.5

This summary was machine generated April 24 at 10:33 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)