Exxon Mobil Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Exxon Mobil Corporation XOM is expected to release earnings results for its fourth quarter, before the opening bell on Feb. 2, 2024.

Analysts expect the company to report quarterly earnings at $2.21 per share, down from year-ago earnings of $3.4 per share. The company is projected to post revenue of $85.23 billion for the latest quarter, compared to $95.43 billion in the year-earlier quarter, according to data from Benzinga Pro.

In a surprising move, Exxon Mobil has recently taken legal action against its investors. The company is seeking to block a climate proposal from being voted on at its upcoming shareholder meeting.

Exxon Mobil shares fell 0.4% to close at $102.39 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• UBS analyst Jon Rigby maintained a Buy rating and cut the price target from $133 to $132 on Jan. 23, 2024. This analyst has an accuracy rate of 62%.
• TD Cowen analyst Jason Gabelman upgraded the stock from Market Perform to Outperform with a price target of $115 on Jan. 23, 2024. This analyst has an accuracy rate of 71%.
• Redburn Atlantic analyst Peter Low upgraded the stock from Neutral to Buy and raised the price target from $116 to $119 on Jan. 9, 2024. This analyst has an accuracy rate of 72%.
• Erste Group analyst Hans Engel downgraded the stock from Buy to Hold on Dec. 22, 2023. This analyst has an accuracy rate of 70%.
• JP Morgan analyst John Royall maintained an Overweight rating and cut the price target from $134 to $127 on Dec. 8, 2023. This analyst has an accuracy rate of 70%.

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