Exxon Mobil (XOM) closed the most recent trading day at $124.08, moving +0.38% from the previous trading session. This move lagged the S&P 500's daily gain of 0.77%. Elsewhere, the Dow gained 0.47%, while the tech-heavy Nasdaq added 0.87%.

The the stock of oil and natural gas company has risen by 11.21% in the past month, leading the Oils-Energy sector's loss of 1.87% and the S&P 500's gain of 4.87%.

The investment community will be closely monitoring the performance of Exxon Mobil in its forthcoming earnings report. The company is scheduled to release its earnings on November 1, 2024. The company's upcoming EPS is projected at $2, signifying a 11.89% drop compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $94.37 billion, showing a 3.97% escalation compared to the year-ago quarter.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $8.11 per share and a revenue of $362.47 billion, signifying shifts of -14.81% and +5.19%, respectively, from the last year.

Investors should also pay attention to any latest changes in analyst estimates for Exxon Mobil. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.99% lower. Exxon Mobil presently features a Zacks Rank of #3 (Hold).

In the context of valuation, Exxon Mobil is at present trading with a Forward P/E ratio of 15.25. This indicates a premium in contrast to its industry's Forward P/E of 8.26.

Also, we should mention that XOM has a PEG ratio of 5.08. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Integrated - International industry had an average PEG ratio of 1.58 as trading concluded yesterday.

The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 230, positioning it in the bottom 9% of all 250+ industries.