In the latest trading session, Marathon Petroleum (MPC) closed at $67.19, marking a -0.75% move from the previous day. This change was narrower than the S&P 500's 0.92% loss on the day. Elsewhere, the Dow lost 0.77%, while the tech-heavy Nasdaq lost 1.65%.
Coming into today, shares of the refiner had lost 14.01% in the past month. In that same time, the Oils-Energy sector lost 9%, while the S&P 500 lost 2.56%.
Investors will be hoping for strength from MPC as it approaches its next earnings release, which is expected to be February 7, 2019. In that report, analysts expect MPC to post earnings of $1.30 per share. This would mark year-over-year growth of 23.81%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $29.19 billion, up 37.46% from the year-ago period.
MPC's full-year Zacks Consensus Estimates are calling for earnings of $5.16 per share and revenue of $90.49 billion. These results would represent year-over-year changes of +35.79% and +20.07%, respectively.
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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 0.38% 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 13.11. For comparison, its industry has an average Forward P/E of 14.31, which means MPC is trading at a discount to the group.
We can also see that MPC currently has a PEG ratio of 0.92. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. MPC's industry had an average PEG ratio of 1.09 as of yesterday's close.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 113, putting it in the top 44% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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