Exxon Mobil Stock Outperforms as Earnings Decline Expected
• Exxon Mobil (XOM) stock rose 1.96% while the broader market declined, outperforming the S&P 500, Dow, and Nasdaq
• XOM stock has gained 12.1% over the past month, exceeding the 6.92% gain in its sector and 2.16% for the S&P 500
• XOM's upcoming earnings report is expected to show a 23.32% annual decline in EPS to $2.17 per share and a 2.8% revenue drop to $84.14 billion
• For the full year, forecasts call for a 4.31% EPS decline to $9.11 per share but a 2.44% bump in revenue to $352.98 billion
• XOM stock currently holds a Zacks Rank #3 (Hold) and trades at a Forward P/E of 12.85, a premium to its industry average of 7.47