ExxonMobil, AbbVie On Deck Friday As Energy, Drug Growth Face Test
Key takeaways
- ExxonMobil and AbbVie’s Q3 earnings will be a key barometer for energy and drug growth, with outcomes likely to sway sector sentiment and valuation expectations.
- ExxonMobil $4.01 (+113%
EPS
Earnings per share — profit for one share of the company, in dollars.
)YoY
Year over year — compared with the same period last year.
- ExxonMobil revenue $105.42 billion (+24% )
YoY
Year over year — compared with the same period last year.
- AbbVie $3.77 (+103%
EPS
Earnings per share — profit for one share of the company, in dollars.
)YoY
Year over year — compared with the same period last year.
What happened
ExxonMobil and AbbVie are the headline earnings releases for Friday, with analysts and investors watching whether their strong energy production and drug pipeline can sustain sharp earnings recoveries. ExxonMobil is expected to report Q3 earnings per share of $4.01 versus $1.88 a year ago, a 113% jump, and revenue of $105.42 billion versus $85.29 billion, a 24% rise. AbbVie is projected to post Earnings per share — profit for one share of the company, in dollars.EPS
Why it matters
The earnings of these large, diversified firms will test the resilience of their core businesses amid fluctuating commodity prices and drug pricing pressures. ExxonMobil’s performance hinges on Permian Basin and Guyana production, while AbbVie’s growth depends on the momentum of Dupixent and other new medicines.…
Short-term and longer-term
Short-term. Over the next few days, traders should monitor the earnings calls for any upside surprises in Earnings per share — profit for one share of the company, in dollars.EPS
Longer-term. For investors looking ahead, the earnings will inform longer‑term assessments of each company’s growth trajectory.
Words on this card
- EPS Learn
- Earnings per share, the portion of a company’s profit allocated to each outstanding share of common stock.
- YoY
- Year‑over‑year, a comparison of a financial metric to the same period in the previous year.
- FPSO
- Floating Production Storage and Offloading vessel, a ship used to process and store oil offshore.
- Guidance
- Management’s forecast for future financial performance.
- Target
- The price level analysts expect a stock to reach based on their valuation models.
- Revenue
- Sales — money the company took in before costs.