Marathon Oil(US:MRO) ZACKS·2024-09-12 23:21Company Performance - Marathon Oil (MRO) closed at $25.98, with a slight increase of +0.35% from the previous day's closing price, underperforming the S&P 500's daily gain of 0.75% [1] - The stock has decreased by 6.37% over the past month, compared to the Oils-Energy sector's loss of 4.12% and the S&P 500's gain of 4.03% [1] Upcoming Financial Results - The upcoming earnings per share (EPS) for Marathon Oil is projected to be $0.77, indicating no change from the same quarter last year [1] - Revenue is anticipated to be $1.79 billion, reflecting a 1.21% decrease from the same quarter last year [1] Annual Forecast - For the entire year, the Zacks Consensus Estimates predict earnings of $2.76 per share and revenue of $6.81 billion, representing changes of +5.75% and +1.63% respectively compared to the previous year [2] Analyst Estimates and Stock Performance - Recent changes in analyst estimates for Marathon Oil are crucial as they reflect the evolving business trends, with positive revisions indicating analysts' confidence in the company's performance [2] - The Zacks Rank system, which evaluates estimate changes, currently ranks Marathon Oil at 3 (Hold) [3] Valuation Metrics - Marathon Oil is currently trading at a Forward P/E ratio of 9.38, which is lower than its industry's Forward P/E of 15.04, indicating a valuation discount [3] Industry Context - The Oil and Gas - Integrated - United States industry, part of the Oils-Energy sector, holds a Zacks Industry Rank of 151, placing it in the bottom 41% of over 250 industries [3]