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Five Must-Watch Earnings Releases

XOM Chart XOM data by YCharts
Exxon Mobil (XOM - Get Report)

Exxon Mobil engages in exploration and production of crude oil and natural gas, petroleum products, as well as transportation and petroleum products. Exxon Mobil trades an average of 12.1 million shares per day with a market cap of $416 billion

52 Week Range: $73.90 to $93.67

Book Value: $35.27

Price To Book: 2.6

Wall Street isn't expecting much this quarter. Earnings are expected to come in below a year ago. Earnings announcement is premarket on Nov. 1.

The consensus estimate is currently $1.96 a share, a decline of 17 cents (8%) from $2.13 a year earlier. Analysts' estimates range as low as $1.79 per share up to $2.09 per share. Exxon is consistent with hitting estimates, and I am not expecting much of a surprise one way or the other. The real mover is energy prices, not earnings releases. TheStreet's Glenn Williams writes about Exxon Mobil Energy Politics Boils Down to Oil and Taxes.

Exxon is rated hold by 13 of 24 analysts, while 11 recommend buying and none recommended selling. Analysts may have missed a good one. In the last 12 months, the shares have really moved higher. The one year return is 12%, although the average analyst target price for Exxon Mobil is $93.88.

The company currently pays $2.28 per share in dividends for a yield of 2.5%. With Exxon currently on sale, and even trading under $90 today, now may be the right time to allocate capital in the energy space. The economy may not pick up, but with the Middle East a never ending powder keg in a lightning storm, you never know what may happen.

Short sellers are next to impossible to find. Short interest is so low I only include it to demonstrate the smart money is not betting against this company, with only 0.9% of the float short based on the last reported numbers.

XOM Revenue Quarterly Chart XOM Revenue Quarterly data by YCharts
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