Marathon Petroleum (MPC - Free Report) closed the most recent trading day at $47.69, moving -1.65% from the previous trading session. This change lagged the S&P 500's daily gain of 0.82%. Meanwhile, the Dow gained 0.82%, and the Nasdaq, a tech-heavy index, added 0.64%.
Coming into today, shares of the refiner had lost 18.41% in the past month. In that same time, the Oils-Energy sector lost 4.3%, while the S&P 500 lost 4.58%.
Wall Street will be looking for positivity from MPC as it approaches its next earnings report date. On that day, MPC is projected to report earnings of $1.67 per share, which would represent a year-over-year decline of 26.43%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $31.01 billion, up 38.16% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.74 per share and revenue of $115.83 billion. These totals would mark changes of -30.09% and +19.28%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for MPC. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 9% lower. MPC currently has a Zacks Rank of #3 (Hold).
Investors should also note MPC's current valuation metrics, including its Forward P/E ratio of 10.22. Its industry sports an average Forward P/E of 13.56, so we one might conclude that MPC is trading at a discount comparatively.
Also, we should mention that MPC has a PEG ratio of 1.16. 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. MPC's industry had an average PEG ratio of 1.41 as of yesterday's close.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 100, which puts it in the top 40% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.