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Market Update

Earnings on Tap: ExxonMobil

The oil giant's shares look fairly valued ahead of its earnings.


 ExxonMobil (XOM) will report third-quarter results before the bell Thursday. Wall Street analysts expect earnings of $1.96 per share compared with $2.13 in the year-ago quarter.

Although the company is looking to build on four straight quarters of revenue growth, its results have missed estimates for the past three quarters. Growth in output has been an issue for most of the industry, but analysts will also be looking for updates from the company with respect to its plans in Canada where it acquired Celtic Exploration's leases in Alberta for natural gas earlier in October.

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Rouhan Sharma does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.