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Marathon Petroleum (MPC) Outperforms Broader Market: What You Need to Know
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In the latest trading session, Marathon Petroleum (MPC - Free Report) closed at $166.45, marking a +1.02% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.46% for the day. At the same time, the Dow added 0.17%, and the tech-heavy Nasdaq gained 0.57%.
The refiner's stock has dropped by 13.36% in the past month, falling short of the Oils-Energy sector's gain of 0.15% and the S&P 500's gain of 4.22%.
The upcoming earnings release of Marathon Petroleum will be of great interest to investors. In that report, analysts expect Marathon Petroleum to post earnings of $3.98 per share. This would mark year-over-year growth of 416.88%. Meanwhile, our latest consensus estimate is calling for revenue of $30.58 billion, down 8.62% from the prior-year quarter.
MPC's full-year Zacks Consensus Estimates are calling for earnings of $10.85 per share and revenue of $132.48 billion. These results would represent year-over-year changes of +14.09% and -5.65%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Marathon Petroleum. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.88% higher. As of now, Marathon Petroleum holds a Zacks Rank of #3 (Hold).
In terms of valuation, Marathon Petroleum is currently trading at a Forward P/E ratio of 15.19. This expresses a premium compared to the average Forward P/E of 13.2 of its industry.
Investors should also note that MPC has a PEG ratio of 0.85 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Oil and Gas - Refining and Marketing industry held an average PEG ratio of 1.16.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 76, finds itself in the top 31% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Marathon Petroleum (MPC) Outperforms Broader Market: What You Need to Know
In the latest trading session, Marathon Petroleum (MPC - Free Report) closed at $166.45, marking a +1.02% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.46% for the day. At the same time, the Dow added 0.17%, and the tech-heavy Nasdaq gained 0.57%.
The refiner's stock has dropped by 13.36% in the past month, falling short of the Oils-Energy sector's gain of 0.15% and the S&P 500's gain of 4.22%.
The upcoming earnings release of Marathon Petroleum will be of great interest to investors. In that report, analysts expect Marathon Petroleum to post earnings of $3.98 per share. This would mark year-over-year growth of 416.88%. Meanwhile, our latest consensus estimate is calling for revenue of $30.58 billion, down 8.62% from the prior-year quarter.
MPC's full-year Zacks Consensus Estimates are calling for earnings of $10.85 per share and revenue of $132.48 billion. These results would represent year-over-year changes of +14.09% and -5.65%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Marathon Petroleum. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.88% higher. As of now, Marathon Petroleum holds a Zacks Rank of #3 (Hold).
In terms of valuation, Marathon Petroleum is currently trading at a Forward P/E ratio of 15.19. This expresses a premium compared to the average Forward P/E of 13.2 of its industry.
Investors should also note that MPC has a PEG ratio of 0.85 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Oil and Gas - Refining and Marketing industry held an average PEG ratio of 1.16.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 76, finds itself in the top 31% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.