Exxon Mobil Earnings: Here’s Why Investors are Not Excited Now
Exxon Mobil Corp. (NYSE:XOM) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 1.49%.
Exxon Mobil Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 13.89% to $1.55 in the quarter versus EPS of $1.80 in the year-earlier quarter.
Revenue: Decreased 16.41% to $106.47 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Exxon Mobil Corp. reported adjusted EPS income of $1.55 per share. By that measure, the company missed the mean analyst estimate of $1.90. It beat the average revenue estimate of $105.54 billion.
Key Stats (on next page)…
Revenue decreased 2.15% from $108.81 billion in the previous quarter. EPS decreased 26.89% from $2.12 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.99 to a profit $1.96. For the current year, the average estimate has moved down from a profit of $8.06 to a profit of $7.96 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)