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Benzinga
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Exxon Mobil Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

1. XOM expected to report $1.82 EPS, down from $1.92 last year. 2. Quarterly revenue forecast at $87.71B, lower than $90.02B last year. 3. Recent sector rally boosted XOM's profitability due to sanctions on Russia. 4. Analysts provide mixed ratings on XOM with varying price targets. 5. XOM shares fell 1.5% to close at $114.69 ahead of earnings.

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FAQ

Why Bearish?

Expected earnings decline and revenue drop could sway investor sentiments negatively. Such performances in the past have led to short-term sell-offs in oil stocks under similar conditions.

How important is it?

The imminent earnings release and the slight decline in projections could dampen market enthusiasm, affecting stock valuation.

Why Short Term?

Immediate investor reactions to earnings reports can influence stock prices quickly. Historical data suggests volatility often spikes post-earnings announcement.

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