Marathon Petroleum (MPC) closed the most recent trading day at $51.39, moving -0.41% from the previous trading session. This move was narrower than the S&P 500's daily loss of 0.95%. At the same time, the Dow lost 0.67%, and the tech-heavy Nasdaq lost 1.51%.
Heading into today, shares of the refiner had gained 2.6% over the past month, lagging the Oils-Energy sector's gain of 3.19% and the S&P 500's gain of 4.32% in that time.
Investors will be hoping for strength from MPC as it approaches its nex t earnings release. In tha t report , analysts expect MPC to post earnings of $1.65 per share. This would mark a year-over-year decline of 27.31%. Our most recent consensus estimate is calling for quarterly revenue of $30.93 billion, up 37.8% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.59 per share and revenue of $115.39 billion, which would represent changes of -32.3% and +18.83%, respectively, from the prior 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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 4.88% lower. MPC is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, MPC is currently trading at a Forward P/E ratio of 11.25. This represents a discount compared to its industry's average Forward P/E of 13.82.
Meanwhile, MPC's PEG ratio is currently 1.31. 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 1.61 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 160, which puts it in the bottom 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.
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