Exxon Mobil (NYSE: XOM) is expected to report Q3 earnings around Nov. 1. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Exxon Mobil's revenues will wither -8.9% and EPS will compress -9.4%.
The average estimate for revenue is $114.13 billion. On the bottom line, the average EPS estimate is $1.93.
Revenue details
Last quarter, Exxon Mobil chalked up revenue of $127.36 billion. GAAP reported sales were 7.1% lower than the prior-year quarter's $112.78 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, non-GAAP EPS came in at $1.80. GAAP EPS of $3.41 for Q2 were 56% higher than the prior-year quarter's $2.18 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 27.3%, 200 basis points worse than the prior-year quarter. Operating margin was 11.1%, 180 basis points worse than the prior-year quarter. Net margin was 15.2%, 570 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $479.05 billion. The average EPS estimate is $7.76.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 7,844 members out of 8,329 rating the stock outperform, and 485 members rating it underperform. Among 1,852 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,779 give Exxon Mobil a green thumbs-up, and 73 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Exxon Mobil is outperform, with an average price target of $94.28.
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