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Earnings Previews: Enterprise Products, Exxon Mobil, NXP Semiconductors, Sirius XM, UPS

Exxon Mobil

Shares of Exxon Mobil Corp. (NYSE: XOM) have risen by nearly 75% over the past 12 months. Since a recent low in mid-August, the stock has gained almost 45%. Rising crude oil prices and a watchful eye on capital spending will keep Exxon shares rising with oil prices. Morgan Stanley analyst Devin McDermott recently reiterated his Overweight rating on the stock and raised his price target from $87 to $95. Exxon’s improving free cash flow and high dividend are paying off for investors.

Of 29 analysts covering the stock, 20 rate the shares a Hold, four give the stock a Strong Buy rating and four more rate the shares at Buy. At a price of around $74.70, the shares trade above the median price target of $73. At the high target of $100, the upside potential is nearly 34%.

Fourth-quarter revenue is forecast at $84.58 billion, up 14.6% sequentially and 81.7% year over year. Adjusted EPS are pegged at $1.92, up 21.5% sequentially and wildly higher than EPS of $0.03 in the year-ago quarter. For full fiscal 2021, current estimates call for EPS of $6.21, up from a loss of $0.33 in 2020, on sales of $280.58 billion, up almost 59%.

Exxon shares trade at about 14.3 times expected 2021 EPS, 12.1 times estimated 2022 earnings of $6.16 and 12.4 times estimated 2023 earnings of $6.00 per share. The stock’s 52-week range is $44.29 to $75.01, and Exxon pays an annual dividend of $3.52 (yield of 4.75%). Total shareholder return for the past 12 months was 73%.

NXP Semiconductors

After posting an all-time high share price in early December, Netherlands-based NXP Semiconductors N.V. (NASDAQ: NXPI) has watched about 21% of that high price evaporate. The share price gain for the past 12 months is about 17.5%. How the company performed in the automotive market is a concern given supply chain constraints in that sector. We shall find out after markets close Monday and NXP releases its December-quarter report.

Of 30 analysts covering the company, 19 rate the stock a Buy or Strong Buy and 10 more rate the shares at Hold. At a share price of around $185.10, the upside potential based on a median price target of $250 is 35%. At the high price target of $300, the upside potential is 62%.

Fourth-quarter revenue is expected to come in at $3 billion, up 5% sequentially and 19.5% year over year. Adjusted EPS are forecast at $3.01, up 5.8% sequentially and 35.6% year over year. For full fiscal 2021, analysts are currently looking for EPS of $10.61, up 73%, on sales of $11.03 billion, up 28%.

NXP stock trades at about 17.4 times expected 2021 EPS, 15.5 times estimated 2022 earnings of $11.90 and 14.4 times estimated 2023 earnings of $12.87 per share. The stock’s 52-week range is $159.81 to $239.91. NXP pays an annual dividend of $2.25 (yield of 1.14%). Total shareholder return for the past 12 months was 13.8%.

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