Coming Soon: Exxon Mobil Earnings
Exxon Mobil (NYS: XOM) is expected to report Q3 earnings around Nov. 1. 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 Exxon Mobil's revenues will wither -8.9% and EPS will compress -9.4%.
The average estimate for revenue is $114.13 billion. On the bottom line, the average EPS estimate is $1.93.
Revenue details
Last quarter, Exxon Mobil chalked up revenue of $127.36 billion. GAAP reported sales were 7.1% lower than the prior-year quarter's $112.78 billion.
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, non-GAAP EPS came in at $1.80. GAAP EPS of $3.41 for Q2 were 56% higher than the prior-year quarter's $2.18 per share.
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 27.3%, 200 basis points worse than the prior-year quarter. Operating margin was 11.1%, 180 basis points worse than the prior-year quarter. Net margin was 15.2%, 570 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $479.05 billion. The average EPS estimate is $7.76.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 7,844 members out of 8,329 rating the stock outperform, and 485 members rating it underperform. Among 1,852 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,779 give Exxon Mobil a green thumbs-up, and 73 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Exxon Mobil is outperform, with an average price target of $94.28.
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The article Coming Soon: Exxon Mobil Earnings originally appeared on Fool.com.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of ExxonMobil. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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