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Stay Ahead of the Game With MPLX LP (MPLX) Q3 Earnings: Wall Street's Insights on Key Metrics
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Analysts on Wall Street project that MPLX LP (MPLX - Free Report) will announce quarterly earnings of $1.07 per share in its forthcoming report, representing an increase of 5.9% year over year. Revenues are projected to reach $3.28 billion, increasing 10.3% from the same quarter last year.
The current level reflects a downward revision of 2.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific MPLX LP metrics that are commonly monitored and projected by Wall Street analysts.
Analysts forecast 'Pipeline throughput - Crude oil pipelines' to reach 3,953.50 thousands of barrels of oil per day. Compared to the current estimate, the company reported 3,895.00 thousands of barrels of oil per day in the same quarter of the previous year.
It is projected by analysts that the 'Natural Gas Processed - Southwest Operations' will reach . Compared to the current estimate, the company reported in the same quarter of the previous year.
The consensus estimate for 'Pipeline throughput - Total pipelines' stands at 6,027.00 thousands of barrels of oil per day. The estimate is in contrast to the year-ago figure of 5,951.00 thousands of barrels of oil per day.
According to the collective judgment of analysts, 'Gathering throughput - Southwest Operations' should come in at . The estimate is in contrast to the year-ago figure of .
The average prediction of analysts places 'Pipeline throughput - Product pipelines' at 2,073.50 thousands of barrels of oil per day. The estimate compares to the year-ago value of 2,056.00 thousands of barrels of oil per day.
The collective assessment of analysts points to an estimated 'Adjusted EBITDA- Natural Gas and NGL Services' of $609.77 million. The estimate compares to the year-ago value of $557.00 million.
Analysts predict that the 'Adjusted EBITDA- Crude Oil and Products Logistics' will reach $1.13 billion. Compared to the present estimate, the company reported $1.16 billion in the same quarter last year.
Over the past month, MPLX LP shares have recorded returns of +2.3% versus the Zacks S&P 500 composite's +2.4% change. Based on its Zacks Rank #4 (Sell), MPLX will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Stay Ahead of the Game With MPLX LP (MPLX) Q3 Earnings: Wall Street's Insights on Key Metrics
Analysts on Wall Street project that MPLX LP (MPLX - Free Report) will announce quarterly earnings of $1.07 per share in its forthcoming report, representing an increase of 5.9% year over year. Revenues are projected to reach $3.28 billion, increasing 10.3% from the same quarter last year.
The current level reflects a downward revision of 2.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific MPLX LP metrics that are commonly monitored and projected by Wall Street analysts.
Analysts forecast 'Pipeline throughput - Crude oil pipelines' to reach 3,953.50 thousands of barrels of oil per day. Compared to the current estimate, the company reported 3,895.00 thousands of barrels of oil per day in the same quarter of the previous year.
It is projected by analysts that the 'Natural Gas Processed - Southwest Operations' will reach . Compared to the current estimate, the company reported in the same quarter of the previous year.
The consensus estimate for 'Pipeline throughput - Total pipelines' stands at 6,027.00 thousands of barrels of oil per day. The estimate is in contrast to the year-ago figure of 5,951.00 thousands of barrels of oil per day.
According to the collective judgment of analysts, 'Gathering throughput - Southwest Operations' should come in at . The estimate is in contrast to the year-ago figure of .
The average prediction of analysts places 'Pipeline throughput - Product pipelines' at 2,073.50 thousands of barrels of oil per day. The estimate compares to the year-ago value of 2,056.00 thousands of barrels of oil per day.
The collective assessment of analysts points to an estimated 'Adjusted EBITDA- Natural Gas and NGL Services' of $609.77 million. The estimate compares to the year-ago value of $557.00 million.
Analysts predict that the 'Adjusted EBITDA- Crude Oil and Products Logistics' will reach $1.13 billion. Compared to the present estimate, the company reported $1.16 billion in the same quarter last year.
View all Key Company Metrics for MPLX LP here>>>Over the past month, MPLX LP shares have recorded returns of +2.3% versus the Zacks S&P 500 composite's +2.4% change. Based on its Zacks Rank #4 (Sell), MPLX will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .