Exxon Mobil Corporation (NYSE:XOM) Just Released Its Third-Quarter Earnings: Here's What Analysts Think

Investors in Exxon Mobil Corporation (NYSE:XOM) had a good week, as its shares rose 3.7% to close at US$121 following the release of its quarterly results. The result was positive overall - although revenues of US$90b were in line with what the analysts predicted, Exxon Mobil surprised by delivering a statutory profit of US$1.92 per share, modestly greater than expected. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Exxon Mobil after the latest results.

Check out our latest analysis for Exxon Mobil

Taking into account the latest results, Exxon Mobil's 18 analysts currently expect revenues in 2025 to be US$347.7b, approximately in line with the last 12 months. Statutory earnings per share are predicted to accumulate 8.4% to US$8.31. Before this earnings report, the analysts had been forecasting revenues of US$346.1b and earnings per share (EPS) of US$8.44 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

There were no changes to revenue or earnings estimates or the price target of US$131, suggesting that the company has met expectations in its recent result. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Exxon Mobil at US$149 per share, while the most bearish prices it at US$105. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Exxon Mobil shareholders.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would highlight that Exxon Mobil's revenue growth is expected to slow, with the forecast 0.9% annualised growth rate until the end of 2025 being well below the historical 12% p.a. growth over the last five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 3.0% annually. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Exxon Mobil.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target held steady at US$131, with the latest estimates not enough to have an impact on their price targets.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for Exxon Mobil going out to 2026, and you can see them free on our platform here.

Before you take the next step you should know about the 1 warning sign for Exxon Mobil that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.