Exxon Mobil Gears Up For Q3 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Exxon Mobil Corporation (NYSE:XOM) is set to release its Q3 financial results on Oct. 27, 2023. Analysts predict a sharp decline in earnings per share and revenue compared to the same period last year. The company's shares fell 0.9% to close at $107.60 on Thursday. Several analysts have recently adjusted their price targets for the company, with most maintaining a positive outlook.
October 27, 2023 | 7:06 am
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NEGATIVE IMPACT
Exxon Mobil's Q3 earnings are expected to decline sharply from last year. The company's shares fell 0.9% on Thursday. However, most analysts maintain a positive outlook, adjusting their price targets recently.
The expected sharp decline in Exxon Mobil's Q3 earnings and revenue, along with the recent fall in its share price, could negatively impact the company's stock in the short term. However, the positive outlook maintained by most analysts, as evidenced by their recent price target adjustments, could potentially mitigate this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100