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Countdown to Marathon Petroleum (MPC) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
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In its upcoming report, Marathon Petroleum (MPC - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $25.74 per share, reflecting an increase of 755.2% compared to the same period last year. Revenues are forecasted to be $33.56 billion, representing a year-over-year decrease of 6.4%.
The consensus EPS estimate for the quarter has undergone an upward revision of 29.7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Marathon Petroleum metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus among analysts is that 'Refining & Marketing margin' will reach $44.76 . Compared to the current estimate, the company reported $17.60 in the same quarter of the previous year.
Analysts expect 'Refining & Marketing margin - Mid-Continent' to come in at $44.71 . The estimate compares to the year-ago value of $19.88 .
Analysts forecast 'Refining & Marketing margin - West Coast' to reach $54.68 . Compared to the current estimate, the company reported $19.17 in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Refining & Marketing - Refinery throughputs - Net refinery throughput' will likely reach 3,008.74 thousands of barrels of oil per day. Compared to the current estimate, the company reported 3,005.00 thousands of barrels of oil per day in the same quarter of the previous year.
It is projected by analysts that the 'Refining & Marketing margin - Gulf Coast' will reach $43.25 . Compared to the present estimate, the company reported $14.77 in the same quarter last year.
The collective assessment of analysts points to an estimated 'Refinery throughputs - Mid-Continent - Crude oil refined' of N/A. The estimate compares to the year-ago value of N/A.
According to the collective judgment of analysts, 'Refinery throughputs - West Coast - Gross refinery throughputs' should come in at N/A. The estimate is in contrast to the year-ago figure of N/A.
The consensus estimate for 'Refinery throughputs - West Coast - Other charge and blendstocks' stands at N/A. Compared to the present estimate, the company reported N/A in the same quarter last year.
The average prediction of analysts places 'Refinery throughputs - West Coast - Crude oil refined' at N/A. The estimate compares to the year-ago value of N/A.
Analysts' assessment points toward 'Refined product yields - Mid-Continent - Total' reaching N/A. The estimate compares to the year-ago value of N/A.
Analysts predict that the 'Refined product yields - Gulf Coast - Total' will reach N/A. The estimate is in contrast to the year-ago figure of N/A.
Based on the collective assessment of analysts, 'Refining & Marketing - Refinery throughputs - Crude oil refined' should arrive at 2,824.32 thousands of barrels of oil per day. Compared to the present estimate, the company reported 2,822.00 thousands of barrels of oil per day in the same quarter last year.
Over the past month, Marathon Petroleum shares have recorded returns of +11.5% versus the Zacks S&P 500 composite's +0.9% change. Based on its Zacks Rank #1 (Strong Buy), MPC will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Countdown to Marathon Petroleum (MPC) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
In its upcoming report, Marathon Petroleum (MPC - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $25.74 per share, reflecting an increase of 755.2% compared to the same period last year. Revenues are forecasted to be $33.56 billion, representing a year-over-year decrease of 6.4%.
The consensus EPS estimate for the quarter has undergone an upward revision of 29.7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Marathon Petroleum metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus among analysts is that 'Refining & Marketing margin' will reach $44.76 . Compared to the current estimate, the company reported $17.60 in the same quarter of the previous year.
Analysts expect 'Refining & Marketing margin - Mid-Continent' to come in at $44.71 . The estimate compares to the year-ago value of $19.88 .
Analysts forecast 'Refining & Marketing margin - West Coast' to reach $54.68 . Compared to the current estimate, the company reported $19.17 in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Refining & Marketing - Refinery throughputs - Net refinery throughput' will likely reach 3,008.74 thousands of barrels of oil per day. Compared to the current estimate, the company reported 3,005.00 thousands of barrels of oil per day in the same quarter of the previous year.
It is projected by analysts that the 'Refining & Marketing margin - Gulf Coast' will reach $43.25 . Compared to the present estimate, the company reported $14.77 in the same quarter last year.
The collective assessment of analysts points to an estimated 'Refinery throughputs - Mid-Continent - Crude oil refined' of N/A. The estimate compares to the year-ago value of N/A.
According to the collective judgment of analysts, 'Refinery throughputs - West Coast - Gross refinery throughputs' should come in at N/A. The estimate is in contrast to the year-ago figure of N/A.
The consensus estimate for 'Refinery throughputs - West Coast - Other charge and blendstocks' stands at N/A. Compared to the present estimate, the company reported N/A in the same quarter last year.
The average prediction of analysts places 'Refinery throughputs - West Coast - Crude oil refined' at N/A. The estimate compares to the year-ago value of N/A.
Analysts' assessment points toward 'Refined product yields - Mid-Continent - Total' reaching N/A. The estimate compares to the year-ago value of N/A.
Analysts predict that the 'Refined product yields - Gulf Coast - Total' will reach N/A. The estimate is in contrast to the year-ago figure of N/A.
Based on the collective assessment of analysts, 'Refining & Marketing - Refinery throughputs - Crude oil refined' should arrive at 2,824.32 thousands of barrels of oil per day. Compared to the present estimate, the company reported 2,822.00 thousands of barrels of oil per day in the same quarter last year.
View all Key Company Metrics for Marathon Petroleum here>>>Over the past month, Marathon Petroleum shares have recorded returns of +11.5% versus the Zacks S&P 500 composite's +0.9% change. Based on its Zacks Rank #1 (Strong Buy), MPC will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .