Marathon Petroleum (MPC - Free Report) closed the most recent trading day at $63.63, moving -0.92% from the previous trading session. This move lagged the S&P 500's daily gain of 0.45%. At the same time, the Dow added 0.51%, and the tech-heavy Nasdaq gained 0.42%.
Heading into today, shares of the refiner had gained 3.51% over the past month, outpacing the Oils-Energy sector's gain of 0.31% and the S&P 500's loss of 1.64% in that time.
MPC will be looking to display strength as it nears its next earnings release, which is expected to be February 7, 2019. On that day, MPC is projected to report earnings of $1.17 per share, which would represent year-over-year growth of 11.43%. Meanwhile, our latest consensus estimate is calling for revenue of $33.19 billion, up 56.28% from the prior-year quarter.
Any recent changes to analyst estimates for MPC should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Within the past 30 days, our consensus EPS projection has moved 0.52% lower. 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 9.13 right now. This valuation marks a discount compared to its industry's average Forward P/E of 10.22.
Meanwhile, MPC's PEG ratio is currently 0.57. 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. Oil and Gas - Refining and Marketing stocks are, on average, holding a PEG ratio of 0.83 based on yesterday's closing prices.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 98, which puts it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.