Exxon Mobil Gears Up for Fourth-Quarter Earnings Report

Wall Street Awaits Expected Earnings and Revenue Figures

Exxon Mobil Corp XOM will announce its fourth-quarter earnings on Friday. Analysts predict earnings per share (EPS) of $1.56 and revenues of $86.63 billion, with the report due before market hours.

Over the past year, the stock has risen by 3.98%, reflecting a year-to-date increase of 1.59%.

Next, we’ll analyze the stock’s current performance compared to Wall Street’s estimates and look at the market trends affecting Exxon Mobil.

Market Sentiment and Technical Indicators

Currently, Exxon Mobil stock is experiencing a significant bearish trend, with its price falling below the five-, 20-, and 50-day exponential moving averages.

Chart created using Benzinga Pro

Additionally, the stock is trading below important simple moving averages: the eight-day average at $109.47, the 20-day at $109.13, the 50-day at $111.65, and the 200-day at $115.42. This reinforces a bearish outlook.

The MACD indicator currently shows a negative value of -0.38, indicating continued downward momentum. Meanwhile, the RSI stands at 47.38, suggesting that although the stock is nearing oversold levels, it has not yet entered a reversal zone.

In spite of these bearish signals, there is some underlying buying pressure that could indicate a potential shift back toward bullish trends. Investors should keep an eye on possible breakouts above short-term resistance levels, which may signal a trend reversal.

Ratings & Consensus Estimates

The consensus rating among analysts for Exxon Mobil stock is currently a Buy, with a price target set at $128.04. Recent ratings from Truist, Piper Sandler, and JPMorgan suggest a potential 13.5% upside for XOM stock.

XOM Price Action Exxon Mobil stock was trading up by 0.82% at $109.54 as of Thursday’s publication time.

What’s Next

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