MPLX(MPLX) ZACKS·2024-09-23 23:21Stock Performance - MPLX LP closed at $44 68, up 1 09% from the previous session, outperforming the S&P 500's 0 28% gain, the Dow's 0 15% gain, and the Nasdaq's 0 15% gain [1] - Over the last month, MPLX LP shares increased by 3 68%, surpassing the Oils-Energy sector's 0 29% gain and the S&P 500's 2% gain [1] Earnings and Revenue Projections - MPLX LP is expected to report earnings of $1 06 per share on November 5, 2024, representing a 19 1% year-over-year growth [2] - Revenue for the upcoming quarter is projected at $3 06 billion, reflecting a 5 1% rise from the same quarter last year [2] - For the annual period, earnings are anticipated at $4 29 per share, a 12 89% increase, and revenue at $11 95 billion, a 5 91% rise [3] Analyst Estimates and Zacks Rank - Recent positive revisions to analyst estimates indicate optimism about MPLX LP's business and profitability [3] - The Zacks Consensus EPS estimate has moved 1 32% higher over the past month [5] - MPLX LP currently holds a Zacks Rank of 3 (Hold) [5] Valuation Metrics - MPLX LP is trading at a Forward P/E ratio of 10 31, a discount compared to the industry average of 18 25 [6] - The company's PEG ratio is 1 21, lower than the industry average of 3 12 [7] Industry Overview - The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector, with a Zacks Industry Rank of 188, placing it in the bottom 26% of all industries [8] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]