Marathon Petroleum (MPC) Outperforms Broader Market: What You Need to Know

Core Viewpoint - Marathon Petroleum's stock performance has outpaced the broader market, with a recent gain of 6.03% compared to the Oils-Energy sector's loss of 3.19% and the S&P 500's gain of 5.88% [1][2] Financial Performance - The upcoming earnings report is expected to show an EPS of $3.18, reflecting a 22.82% decline year-over-year, with projected revenue of $30.91 billion, down 19.43% from the prior-year quarter [2] - For the entire year, earnings are forecasted at $7.08 per share and revenue at $124.6 billion, indicating declines of 25.55% and 11.26% respectively compared to the previous year [3] Analyst Estimates - Recent changes in analyst estimates are crucial as they reflect the shifting dynamics of the business [4] - The Zacks Rank system, which incorporates these estimate changes, currently ranks Marathon Petroleum at 3 (Hold) [6] Valuation Metrics - Marathon Petroleum has a Forward P/E ratio of 24.74, which is higher than the industry's Forward P/E of 17.68 [7] - The company also has a PEG ratio of 3.39, compared to the industry average of 1.64, indicating a premium valuation relative to expected earnings growth [7] Industry Context - The Oil and Gas - Refining and Marketing industry is currently ranked 198 out of over 250 industries, placing it in the bottom 20% [8] - The Zacks Industry Rank suggests that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]