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MPLX LP (MPLX) Dips More Than Broader Market: What You Should Know
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MPLX LP (MPLX - Free Report) closed the most recent trading day at $57.37, moving -1.66% from the previous trading session. This change lagged the S&P 500's daily loss of 1.36%. Elsewhere, the Dow saw a downswing of 1.64%, while the tech-heavy Nasdaq depreciated by 1.46%.
Heading into today, shares of the company had gained 1.73% over the past month, lagging the Oils-Energy sector's gain of 10.02% and outpacing the S&P 500's loss of 1.76%.
The investment community will be closely monitoring the performance of MPLX LP in its forthcoming earnings report. The company is expected to report EPS of $1.08, down 1.82% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $3.32 billion, indicating a 6.14% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.45 per share and a revenue of $13.76 billion, indicating changes of -7.68% and +5.89%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for MPLX LP. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. The Zacks Consensus EPS estimate has moved 1.33% lower within the past month. At present, MPLX LP boasts a Zacks Rank of #3 (Hold).
From a valuation perspective, MPLX LP is currently exchanging hands at a Forward P/E ratio of 13.1. Its industry sports an average Forward P/E of 19.41, so one might conclude that MPLX LP is trading at a discount comparatively.
We can also see that MPLX currently has a PEG ratio of 5.31. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Oil and Gas - Production and Pipelines stocks are, on average, holding a PEG ratio of 1.63 based on yesterday's closing prices.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 179, putting it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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MPLX LP (MPLX) Dips More Than Broader Market: What You Should Know
MPLX LP (MPLX - Free Report) closed the most recent trading day at $57.37, moving -1.66% from the previous trading session. This change lagged the S&P 500's daily loss of 1.36%. Elsewhere, the Dow saw a downswing of 1.64%, while the tech-heavy Nasdaq depreciated by 1.46%.
Heading into today, shares of the company had gained 1.73% over the past month, lagging the Oils-Energy sector's gain of 10.02% and outpacing the S&P 500's loss of 1.76%.
The investment community will be closely monitoring the performance of MPLX LP in its forthcoming earnings report. The company is expected to report EPS of $1.08, down 1.82% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $3.32 billion, indicating a 6.14% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.45 per share and a revenue of $13.76 billion, indicating changes of -7.68% and +5.89%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for MPLX LP. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. The Zacks Consensus EPS estimate has moved 1.33% lower within the past month. At present, MPLX LP boasts a Zacks Rank of #3 (Hold).
From a valuation perspective, MPLX LP is currently exchanging hands at a Forward P/E ratio of 13.1. Its industry sports an average Forward P/E of 19.41, so one might conclude that MPLX LP is trading at a discount comparatively.
We can also see that MPLX currently has a PEG ratio of 5.31. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Oil and Gas - Production and Pipelines stocks are, on average, holding a PEG ratio of 1.63 based on yesterday's closing prices.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 179, putting it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.