Exxon Mobil Corporation (XOM)

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Truist Financial Analysts Raise Earnings Estimates for Exxon Mobil Co. (XOM)
By: MarketBeat | March 4, 2022

• Exxon Mobil Co. (NYSE:XOM - Get Rating) - Investment analysts at Truist Financial upped their Q1 2022 earnings per share estimates for shares of Exxon Mobil in a research note issued to investors on Wednesday, March 2nd. Truist Financial analyst N. Dingmann now anticipates that the oil and gas company will earn $1.71 per share for the quarter, up from their previous estimate of $1.69. Truist Financial has a "Hold" rating and a $70.00 price target on the stock. Truist Financial also issued estimates for Exxon Mobil's Q2 2022 earnings at $1.90 EPS, Q3 2022 earnings at $1.91 EPS, Q4 2022 earnings at $1.68 EPS and FY2022 earnings at $7.20 EPS. Exxon Mobil (NYSE:XOM - Get Rating) last posted its quarterly earnings results on Tuesday, February 1st. The oil and gas company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.11. The firm had revenue of $84.97 billion for the quarter, compared to analysts' expectations of $84.58 billion. Exxon Mobil had a negative net margin of 2.39% and a positive return on equity of 8.66%. The firm's quarterly revenue was up 82.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.03 earnings per share...

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