Key Takeaways:
- Exxon Mobil surpasses earnings expectations with Non-GAAP EPS of $1.76.
- Despite a slight revenue increase, sales fell short by $2.96 billion.
- Analysts' average price target suggests a potential upside of 17.10% for XOM stock.
Exxon Mobil (XOM, Financial) recently reported its first-quarter financial results, showcasing a strong performance with Non-GAAP earnings per share of $1.76, which exceeded analyst expectations by $0.03. However, the company faced a challenge with its revenue figures, which amounted to $83.13 billion. This represented a modest year-over-year growth of 0.1% yet missed projections by $2.96 billion.
Wall Street Analysts Forecast
Market analysts remain optimistic about Exxon Mobil, as indicated by price targets set by 25 analysts. The average target price is $123.86, with estimates ranging from a high of $144.00 to a low of $93.00. This average suggests a potential upside of 17.10% from the current share price of $105.78. For further insights and detailed estimate data, visit the Exxon Mobil Corp (XOM, Financial) Forecast page.
The company's stock enjoys an "Outperform" status, receiving an average recommendation score of 2.3 from 28 brokerage firms. This rating is based on a scale of 1 to 5, where 1 represents a Strong Buy and 5 a Sell.
Analyzing GF Value
According to GuruFocus estimates, the projected GF Value for Exxon Mobil Corp stands at $95.41 over the next year. This estimation suggests a potential downside of 9.8% from the current price of $105.78. The GF Value is a proprietary measure that considers the historical trading multiples of the stock, past business growth, and anticipated future performance. Investors can explore more comprehensive data on the Exxon Mobil Corp (XOM, Financial) Summary page.
