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Marathon Petroleum (MPC) Dips More Than Broader Market: What You Should Know
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In the latest trading session, Marathon Petroleum (MPC - Free Report) closed at $392.42, marking a -1.76% move from the previous day. This move lagged the S&P 500's daily loss of 0.59%. Meanwhile, the Dow lost 0.6%, and the Nasdaq, a tech-heavy index, lost 0.65%.
The refiner's shares have seen an increase of 14.7% over the last month, surpassing the Oils-Energy sector's gain of 9.15% and the S&P 500's loss of 1.37%.
The investment community will be paying close attention to the earnings performance of Marathon Petroleum in its upcoming release. On that day, Marathon Petroleum is projected to report earnings of $18.99 per share, which would represent year-over-year growth of 530.9%. Simultaneously, our latest consensus estimate expects the revenue to be $32.84 billion, showing a 8.39% drop compared to the year-ago quarter.
MPC's full-year Zacks Consensus Estimates are calling for earnings of $47.23 per share and revenue of $156.14 billion. These results would represent year-over-year changes of +341.4% and +15.47%, respectively.
It is also important to note the recent changes to analyst estimates for Marathon Petroleum. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.22% upward. Marathon Petroleum presently features a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Marathon Petroleum is presently being traded at a Forward P/E ratio of 8.46. This expresses a discount compared to the average Forward P/E of 9.45 of its industry.
It's also important to note that MPC currently trades at a PEG ratio of 0.26. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Oil and Gas - Refining and Marketing industry held an average PEG ratio of 0.35.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 8, finds itself in the top 4% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Marathon Petroleum (MPC) Dips More Than Broader Market: What You Should Know
In the latest trading session, Marathon Petroleum (MPC - Free Report) closed at $392.42, marking a -1.76% move from the previous day. This move lagged the S&P 500's daily loss of 0.59%. Meanwhile, the Dow lost 0.6%, and the Nasdaq, a tech-heavy index, lost 0.65%.
The refiner's shares have seen an increase of 14.7% over the last month, surpassing the Oils-Energy sector's gain of 9.15% and the S&P 500's loss of 1.37%.
The investment community will be paying close attention to the earnings performance of Marathon Petroleum in its upcoming release. On that day, Marathon Petroleum is projected to report earnings of $18.99 per share, which would represent year-over-year growth of 530.9%. Simultaneously, our latest consensus estimate expects the revenue to be $32.84 billion, showing a 8.39% drop compared to the year-ago quarter.
MPC's full-year Zacks Consensus Estimates are calling for earnings of $47.23 per share and revenue of $156.14 billion. These results would represent year-over-year changes of +341.4% and +15.47%, respectively.
It is also important to note the recent changes to analyst estimates for Marathon Petroleum. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.22% upward. Marathon Petroleum presently features a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Marathon Petroleum is presently being traded at a Forward P/E ratio of 8.46. This expresses a discount compared to the average Forward P/E of 9.45 of its industry.
It's also important to note that MPC currently trades at a PEG ratio of 0.26. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Oil and Gas - Refining and Marketing industry held an average PEG ratio of 0.35.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 8, finds itself in the top 4% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.