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Benzinga
138 days

Exxon Mobil Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

1. XOM to report Q1 results on April 3, earnings expected at $1.70/share. 2. Projected revenue for XOM is $86.09 billion, up from $83.08 billion. 3. Karen McKee to retire, Matt Crocker appointed as new president. 4. Analysts maintain Overweight ratings but adjust price targets downwards. 5. XOM shares dropped 0.3% to close at $118.67.

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FAQ

Why Bearish?

The expected earnings drop signals a decline in profitability, which could dampen investor confidence. Historical trends show that major earnings misses or downgrades can lead to significant price downturns, as seen in Q4 2022.

How important is it?

The imminent earnings announcement and downward revisions by analysts will directly influence XOM's stock performance and investor sentiment.

Why Short Term?

The upcoming earnings report could have immediate effects on stock price, similar to past earnings reactions after financial disclosures delivering unexpected results.

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