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MPLX LP (MPLX) Suffers a Larger Drop Than the General Market: Key Insights
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MPLX LP (MPLX - Free Report) closed the most recent trading day at $58.89, moving -1.59% from the previous trading session. This change lagged the S&P 500's daily loss of 0.48%. At the same time, the Dow lost 0.29%, and the tech-heavy Nasdaq lost 0.56%.
The company's stock has climbed by 0.61% in the past month, falling short of the Oils-Energy sector's gain of 4.87% and outpacing the S&P 500's loss of 0.82%.
The upcoming earnings release of MPLX LP will be of great interest to investors. The company's earnings per share (EPS) are projected to be $1.13, reflecting a 25.66% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $3.3 billion, indicating a 8.71% downward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.26 per share and a revenue of $13.22 billion, representing changes of -11.62% and +1.71%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for MPLX LP. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.22% downward. As of now, MPLX LP holds a Zacks Rank of #3 (Hold).
Digging into valuation, MPLX LP currently has a Forward P/E ratio of 14.06. This signifies a discount in comparison to the average Forward P/E of 19.54 for its industry.
We can also see that MPLX currently has a PEG ratio of 5.69. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Production and Pipelines industry currently had an average PEG ratio of 1.82 as of yesterday's close.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 104, placing it within the top 43% of over 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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MPLX LP (MPLX) Suffers a Larger Drop Than the General Market: Key Insights
MPLX LP (MPLX - Free Report) closed the most recent trading day at $58.89, moving -1.59% from the previous trading session. This change lagged the S&P 500's daily loss of 0.48%. At the same time, the Dow lost 0.29%, and the tech-heavy Nasdaq lost 0.56%.
The company's stock has climbed by 0.61% in the past month, falling short of the Oils-Energy sector's gain of 4.87% and outpacing the S&P 500's loss of 0.82%.
The upcoming earnings release of MPLX LP will be of great interest to investors. The company's earnings per share (EPS) are projected to be $1.13, reflecting a 25.66% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $3.3 billion, indicating a 8.71% downward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.26 per share and a revenue of $13.22 billion, representing changes of -11.62% and +1.71%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for MPLX LP. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.22% downward. As of now, MPLX LP holds a Zacks Rank of #3 (Hold).
Digging into valuation, MPLX LP currently has a Forward P/E ratio of 14.06. This signifies a discount in comparison to the average Forward P/E of 19.54 for its industry.
We can also see that MPLX currently has a PEG ratio of 5.69. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Production and Pipelines industry currently had an average PEG ratio of 1.82 as of yesterday's close.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 104, placing it within the top 43% of over 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.