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Marathon Petroleum (MPC) Gains But Lags Market: What You Should Know
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The latest trading session saw Marathon Petroleum (MPC - Free Report) ending at $151.95, denoting a +1.69% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 1.83%. At the same time, the Dow added 1.65%, and the tech-heavy Nasdaq gained 2.45%.
Shares of the refiner have appreciated by 8.28% over the course of the past month, outperforming the Oils-Energy sector's loss of 7.35% and the S&P 500's loss of 3.31%.
Market participants will be closely following the financial results of Marathon Petroleum in its upcoming release. The company plans to announce its earnings on February 4, 2025. In that report, analysts expect Marathon Petroleum to post earnings of -$0.01 per share. This would mark a year-over-year decline of 100.25%. Our most recent consensus estimate is calling for quarterly revenue of $31.93 billion, down 13.29% from the year-ago period.
Investors should also pay attention to any latest changes in analyst estimates for Marathon Petroleum. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
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 10.76% lower. At present, Marathon Petroleum boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Marathon Petroleum has a Forward P/E ratio of 17.24 right now. This expresses a premium compared to the average Forward P/E of 16.63 of its industry.
It is also worth noting that MPC currently has a PEG ratio of 2.87. 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. The Oil and Gas - Refining and Marketing industry currently had an average PEG ratio of 2.78 as of yesterday's close.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 72, positioning it in the top 29% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. 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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Marathon Petroleum (MPC) Gains But Lags Market: What You Should Know
The latest trading session saw Marathon Petroleum (MPC - Free Report) ending at $151.95, denoting a +1.69% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 1.83%. At the same time, the Dow added 1.65%, and the tech-heavy Nasdaq gained 2.45%.
Shares of the refiner have appreciated by 8.28% over the course of the past month, outperforming the Oils-Energy sector's loss of 7.35% and the S&P 500's loss of 3.31%.
Market participants will be closely following the financial results of Marathon Petroleum in its upcoming release. The company plans to announce its earnings on February 4, 2025. In that report, analysts expect Marathon Petroleum to post earnings of -$0.01 per share. This would mark a year-over-year decline of 100.25%. Our most recent consensus estimate is calling for quarterly revenue of $31.93 billion, down 13.29% from the year-ago period.
Investors should also pay attention to any latest changes in analyst estimates for Marathon Petroleum. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
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 10.76% lower. At present, Marathon Petroleum boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Marathon Petroleum has a Forward P/E ratio of 17.24 right now. This expresses a premium compared to the average Forward P/E of 16.63 of its industry.
It is also worth noting that MPC currently has a PEG ratio of 2.87. 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. The Oil and Gas - Refining and Marketing industry currently had an average PEG ratio of 2.78 as of yesterday's close.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 72, positioning it in the top 29% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. 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.