Exxon Mobil Stock Slides as Earnings Expectations Drop Sharply
- Exxon Mobil (XOM) stock closed down 1.45% while the broader market was up slightly
- XOM underperformed the S&P 500 and other energy stocks over the past month
- Upcoming XOM earnings expected to show 39% EPS decrease and 4% revenue drop vs last year
- For the full year, forecasts call for 35% lower EPS and 15% lower revenue for XOM
- XOM has a forward P/E ratio of 11.07, higher than the industry average of 6.48