Exxon Mobil Stock Slips Despite Recent Gains; Earnings Expected to Fall
• Exxon Mobil (XOM) stock dipped 0.75% despite broader market only falling 0.28%, underperforming the sector • Shares have risen 9.98% over past month, outpacing S&P 500’s 2.67% gain • EPS estimate for upcoming earnings report is $2.17, a 23.32% drop year-over-year • Revenue estimate of $84.14 billion would show a 2.8% decline from last year • XOM trades at premium valuation compared to industry average P/E and PEG ratios