Top 5 S&P 500 Stocks Poised to Beat on Q4 Earnings Next Week
Zacks Investment Research | Jan 25, 2022 05:19AM ET
Wall Street has seen a good start to the fourth-quarter 2021 earnings season. Although we are in the initial stages of the reporting cycle, the results are better than expected. This week, the earnings season will gather pace as several corporate behemoths are slated to report their financial numbers.
Five S&P 500 companies — ExxonMobil Corp. Earnings ESP Filter .
The chart below shows the price performance of our five picks in the last quarter.
ExxonMobil made multiple world-class oil discoveries at the Stabroek Block, located off the coast of Guyana. XOM has raised the estimate for discovered recoverable resources from the Stabroek Block to approximately 10 billion oil-equivalent barrels.
ExxonMobil’s bellwether status and an optimal integrated capital structure, which have historically led to industry-leading returns make it a relatively lower-risk energy sector play. The integrated oil behemoth expects to reduce greenhouse gas emissions by 30% in its upstream business. By the same time, XOM expects to reduce flaring and methane emissions by 40%.
The Zacks Rank #1 ExxonMobil has an Earnings ESP of +5.51%. It has an expected earnings growth rate of 21.4% for the current year. The Zacks Consensus Estimate for current-year earnings improved 3.4% over the last 7 days.
XOM recorded earnings surprises in the last four reported quarters, with an average beat of 54.7%. ExxonMobil is set to release Zacks Earnings Calendar .
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