What to Expect from ExxonMobil

Seth Jayson, The Motley Fool
Updated

ExxonMobil (NYSE: XOM) is expected to report Q2 earnings around July 26. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict ExxonMobil's revenue will shrink 7.3% and EPS will drop 10.1%.

The average estimate for revenue is $116.27 billion. On the bottom line, the average EPS estimate is $1.96.

Revenue details
Last quarter, ExxonMobil booked revenue of $124.05 billion. GAAP reported sales were 9.2% higher than the prior-year quarter's $101.34 billion.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, EPS came in at $2.00. GAAP EPS of $2.00 for Q1 were 6.5% lower than the prior-year quarter's $2.14 per share.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 28.0%, 290 basis points worse than the prior-year quarter. Operating margin was 11.5%, 250 basis points worse than the prior-year quarter. Net margin was 8.5%, 200 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $489.11 billion. The average EPS estimate is $7.82.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS. Among 1,828 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,754 give ExxonMobil a green thumbs-up, and 74 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ExxonMobil is outperform, with an average price target of $94.79.

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