Exxon Mobil Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Exxon Mobil Corporation (NYSE:XOM) is set to release its Q4 earnings on Feb. 2, 2024, with analysts predicting a decrease in earnings per share from $3.4 to $2.21 and a drop in revenue from $95.43 billion to $85.23 billion year-over-year. Additionally, Exxon Mobil has initiated legal action to prevent a climate proposal from being voted on at its shareholder meeting. Shares fell 0.4% to $102.39. Analysts have revised their ratings and price targets, with changes including upgrades and downgrades.
February 02, 2024 | 7:10 am
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Exxon Mobil is anticipated to report lower Q4 earnings and revenue, has taken legal action against a climate proposal, and experienced a slight stock price drop. Analysts have mixed views, with several adjustments to ratings and price targets.
The expected decrease in earnings and revenue, combined with the legal action against a climate proposal, could negatively impact investor sentiment and stock price in the short term. Analysts' mixed ratings and price target adjustments reflect uncertainty and varied expectations, further influencing stock performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100