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Marathon Petroleum (MPC) Ascends While Market Falls: Some Facts to Note
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Marathon Petroleum (MPC - Free Report) ended the recent trading session at $230.09, demonstrating a +1.48% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily loss of 1.52%. Meanwhile, the Dow experienced a drop of 1.56%, and the technology-dominated Nasdaq saw a decrease of 1.78%.
Shares of the refiner have appreciated by 8.68% over the course of the past month, outperforming the Oils-Energy sector's gain of 5.1%, and the S&P 500's loss of 2.25%.
The investment community will be closely monitoring the performance of Marathon Petroleum in its forthcoming earnings report. The company is forecasted to report an EPS of $1.53, showcasing a 737.5% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $28.93 billion, down 9.16% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $14.45 per share and a revenue of $121.47 billion, indicating changes of +35.05% and -10.17%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Marathon Petroleum. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 13.44% higher. Marathon Petroleum presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Marathon Petroleum currently has a Forward P/E ratio of 15.69. This indicates a discount in contrast to its industry's Forward P/E of 15.77.
Investors should also note that MPC has a PEG ratio of 1.35 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. MPC's industry had an average PEG ratio of 2.7 as of yesterday's close.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 159, this industry ranks in the bottom 36% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Marathon Petroleum (MPC) Ascends While Market Falls: Some Facts to Note
Marathon Petroleum (MPC - Free Report) ended the recent trading session at $230.09, demonstrating a +1.48% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily loss of 1.52%. Meanwhile, the Dow experienced a drop of 1.56%, and the technology-dominated Nasdaq saw a decrease of 1.78%.
Shares of the refiner have appreciated by 8.68% over the course of the past month, outperforming the Oils-Energy sector's gain of 5.1%, and the S&P 500's loss of 2.25%.
The investment community will be closely monitoring the performance of Marathon Petroleum in its forthcoming earnings report. The company is forecasted to report an EPS of $1.53, showcasing a 737.5% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $28.93 billion, down 9.16% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $14.45 per share and a revenue of $121.47 billion, indicating changes of +35.05% and -10.17%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Marathon Petroleum. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 13.44% higher. Marathon Petroleum presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Marathon Petroleum currently has a Forward P/E ratio of 15.69. This indicates a discount in contrast to its industry's Forward P/E of 15.77.
Investors should also note that MPC has a PEG ratio of 1.35 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. MPC's industry had an average PEG ratio of 2.7 as of yesterday's close.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 159, this industry ranks in the bottom 36% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.