Exxon Mobil (XOM) reported a 2nd Quarter June 2020 loss of $0.70 per share on revenue of $32.6 billion. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Another setup for a reversal presents itself, and the weakening breadth is a warning that the trade is coming, but with Earnings Momentum and Positive Earnings stocks seeing buyers, the weak participation was due to selling in the Negative Earnings stocks and the Value TrapsTodd Thomas at KeyBanc Capital Markets said he believes expectations remain too high for Extra Space Storage Short-term trades based on a combination of the true expectations of professional analysts, investor sentiment and technical analysis, then tested with quantitative formulas that have been shown to significantly outperform.The top companies that reported the results that have been shown most likely to have a post earnings announcement drift The stocks that are most likely to go higher ahead of earnigns and through the announcement - based on over 30 criteria revolving primarily around the Earnings Whisper ®, Whisperings, and analysts checks. Short interest peaks when stocks bottom and vice-versa... and the movements between earnings announcements tells us a lot about the direction of the stock.
Buying and selling during the quarter by key insiders of a company can often be a sign of the company's performance. Revenue fell 11.7% compared to the same quarter a year ago. Whether you call it 'wisdom of crowds', 'social media analytics', or 'crowd sourcing', this methodology has proven itself over the past twenty years as a more useful and valued earnings indicator. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out.
The market expects Exxon Mobil (XOM) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2020. This has resulted in an Earnings ESP of -0.80%.On the other hand, the stock currently carries a Zacks Rank of #3.So, this combination makes it difficult to conclusively predict that Exxon will beat the consensus EPS estimate.While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.Exxon presses for government approval of third Guyana oil projectDow Jones: The Real Reason Exxon, Pfizer, and Raytheon Are Being Kicked Out of the Iconic IndexOil prices slip as Hurricane Laura's blow unlikely to have sustained impactStock market news live updates: S&P, Nasdaq touch new records as tech shares surgeSome farmers turn on Trump amid coronavirus pandemic and China tensionsPlayers agree to resume NBA playoffs halted over racial injusticeMortgage rates plunge after refinance fee is put on holdPayPal cracks down on for-profit 'schools' misrepresenting PayPal CreditThe market 'feels really brittle at this point': ExpertMost Asian markets up with Fed rates seen low for longerCapital One Cuts Card Limits Amid U.S.
Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).For Exxon, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. Buying and selling during the quarter by key insiders of a company can often be a sign of the company's performance. Exxon Mobil (XOM) reports earnings on 10/30/2020. Exxon Mobil is engaged in exploration for, and mining and sale of coal, copper and other minerals. An analysis of recent stock option activity to find contracts priced for greater-than-normal price moves following earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Exxon would post earnings of $0.04 per share when it actually produced earnings of $0.53, delivering a surprise of +1,225%.Over the last four quarters, the company has beaten consensus EPS estimates three times.An earnings beat or miss may not be the sole basis for a stock moving higher or lower. The Earnings Whisper number was for a loss of $0.69 per share. The Earnings Whisper Score gives the statistical odds for the stock ahead of earnings. Back to XOM Overview The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates.
EarningsWhispers is the most trusted source for real earnings expectations - relied on by more people than any other earnings-dedicated web site: The Wall Street Journal says EarningsWhispers is the only provider of real whisper numbers from securities analysts: A Bloomberg News study found EarningsWhispers to be the most accurate source of earnings … Shares are down 0.4% since reporting last quarter. Earnings Whispers.
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