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Marathon Petroleum (MPC) Exceeds Market Returns: Some Facts to Consider
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Marathon Petroleum (MPC - Free Report) closed the most recent trading day at $421.96, moving +1.94% from the previous trading session. This move outpaced the S&P 500's daily gain of 1.14%. Meanwhile, the Dow gained 0.61%, and the Nasdaq, a tech-heavy index, added 1.69%.
Shares of the refiner have appreciated by 14.74% over the course of the past month, outperforming the Oils-Energy sector's gain of 1.41%, and the S&P 500's loss of 2.85%.
The upcoming earnings release of Marathon Petroleum will be of great interest to investors. The company is predicted to post an EPS of $23.15, indicating a 669.1% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $32.84 billion, showing a 8.39% drop compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $59.15 per share and a revenue of $154.8 billion, signifying shifts of +452.8% and +14.48%, respectively, from the last year.
Any recent changes to analyst estimates for Marathon Petroleum should also be noted by investors. 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.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 26.78% rise in the Zacks Consensus EPS estimate. As of now, Marathon Petroleum holds a Zacks Rank of #1 (Strong Buy).
With respect to valuation, Marathon Petroleum is currently being traded at a Forward P/E ratio of 7.38. This indicates a discount in contrast to its industry's Forward P/E of 8.76.
We can additionally observe that MPC currently boasts a PEG ratio of 0.14. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Oil and Gas - Refining and Marketing industry held an average PEG ratio of 0.28.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 10, which puts it in the top 5% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Marathon Petroleum (MPC) Exceeds Market Returns: Some Facts to Consider
Marathon Petroleum (MPC - Free Report) closed the most recent trading day at $421.96, moving +1.94% from the previous trading session. This move outpaced the S&P 500's daily gain of 1.14%. Meanwhile, the Dow gained 0.61%, and the Nasdaq, a tech-heavy index, added 1.69%.
Shares of the refiner have appreciated by 14.74% over the course of the past month, outperforming the Oils-Energy sector's gain of 1.41%, and the S&P 500's loss of 2.85%.
The upcoming earnings release of Marathon Petroleum will be of great interest to investors. The company is predicted to post an EPS of $23.15, indicating a 669.1% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $32.84 billion, showing a 8.39% drop compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $59.15 per share and a revenue of $154.8 billion, signifying shifts of +452.8% and +14.48%, respectively, from the last year.
Any recent changes to analyst estimates for Marathon Petroleum should also be noted by investors. 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.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 26.78% rise in the Zacks Consensus EPS estimate. As of now, Marathon Petroleum holds a Zacks Rank of #1 (Strong Buy).
With respect to valuation, Marathon Petroleum is currently being traded at a Forward P/E ratio of 7.38. This indicates a discount in contrast to its industry's Forward P/E of 8.76.
We can additionally observe that MPC currently boasts a PEG ratio of 0.14. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Oil and Gas - Refining and Marketing industry held an average PEG ratio of 0.28.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 10, which puts it in the top 5% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.