Marathon Petroleum (MPC - Free Report) closed at $64.66 in the latest trading session, marking a -0.77% move from the prior day. This change lagged the S&P 500's 1.09% gain on the day. Meanwhile, the Dow gained 1.13%, and the Nasdaq, a tech-heavy index, added 1.51%.
Coming into today, shares of the refiner had lost 8.33% in the past month. In that same time, the Oils-Energy sector lost 4%, while the S&P 500 gained 1.92%.
Investors will be hoping for strength from MPC as it approaches its next earnings release, which is expected to be February 7, 2019. On that day, MPC is projected to report earnings of $1.15 per share, which would represent year-over-year growth of 9.52%. Our most recent consensus estimate is calling for quarterly revenue of $29.23 billion, up 37.63% from the year-ago period.
MPC's full-year Zacks Consensus Estimates are calling for earnings of $5.03 per share and revenue of $90.40 billion. These results would represent year-over-year changes of +32.37% and +19.94%, respectively.
It is also important to note the recent changes to analyst estimates for MPC. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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. The Zacks Consensus EPS estimate has moved 1.01% lower within the past month. MPC is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that MPC has a Forward P/E ratio of 12.95 right now. This represents a discount compared to its industry's average Forward P/E of 13.06.
Investors should also note that MPC has a PEG ratio of 0.91 right now. 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 - Refining and Marketing was holding an average PEG ratio of 1.01 at yesterday's closing price.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 97, which puts it in the top 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.