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Exxon Mobil Corporation (NYSE:XOM) shareholders are probably feeling a little disappointed, since its shares fell 4.9% to US$103 in the week after its latest quarterly results. Results look mixed - while revenue fell marginally short of analyst estimates at US$83b, statutory earnings were in line with expectations, at US$1.76 per share. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
Taking into account the latest results, Exxon Mobil's 20 analysts currently expect revenues in 2025 to be US$346.8b, approximately in line with the last 12 months. Statutory earnings per share are expected to descend 10% to US$6.89 in the same period. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$331.6b and earnings per share (EPS) of US$6.64 in 2025. It looks like there's been a modest increase in sentiment following the latest results, withthe analysts becoming a bit more optimistic in their predictions for both revenues and earnings.
See our latest analysis for Exxon Mobil
Despite these upgrades,the analysts have not made any major changes to their price target of US$124, suggesting that the higher estimates are not likely to have a long term impact on what the stock is worth. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on Exxon Mobil, with the most bullish analyst valuing it at US$140 and the most bearish at US$93.00 per share. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.
Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that Exxon Mobil's revenue growth is expected to slow, with the forecast 2.2% 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 3.8% 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.