Exxon Mobil Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Exxon Mobil Corporation (NYSE:XOM) is anticipated to report lower earnings for Q1 2024 at $2.20 per share compared to $2.83 in the same quarter last year, despite an expected increase in revenue to $78.35 billion from $86.56 billion. Recent analyst forecasts have adjusted price targets upwards, reflecting a positive outlook on the stock.
April 26, 2024 | 6:34 am
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Exxon Mobil expected to report lower Q1 earnings per share but with an increase in revenue. Analysts have raised price targets, indicating a positive outlook.
The anticipation of lower earnings per share for Q1 2024 is offset by an expected increase in revenue and recent positive adjustments in analyst price targets. These factors suggest a bullish outlook for Exxon Mobil in the short term, as reflected by the upgrades and increased price targets from analysts with high accuracy rates. The positive analyst sentiment, despite the earnings dip, indicates expectations of strong future performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100