Here's Why Marathon Petroleum (MPC) Fell More Than Broader Market

Company Performance - Marathon Petroleum (MPC) closed at $174.50, reflecting a -1.3% change from the previous day, underperforming the S&P 500's loss of 1.16% [1] - Prior to the latest trading session, shares of Marathon Petroleum had decreased by 11.43%, compared to the Oils-Energy sector's loss of 3.94% and the S&P 500's gain of 1.03% [1] Earnings Forecast - The upcoming earnings report for Marathon Petroleum is expected to show an EPS of $3.98, indicating a significant growth of 416.88% year-over-year [2] - Revenue is projected to be $30.58 billion, which represents an 8.62% decrease compared to the same quarter last year [2] - For the full year, earnings are estimated at $10.85 per share and revenue at $132.48 billion, reflecting changes of +14.09% and -5.65% respectively from the prior year [3] Analyst Estimates and Rankings - Recent revisions to analyst forecasts for Marathon Petroleum are important as they reflect short-term business trends, with positive changes indicating a favorable outlook on business health and profitability [4] - The Zacks Rank system, which assesses estimate changes, currently ranks Marathon Petroleum at 3 (Hold) [6] - The Zacks Consensus EPS estimate has increased by 2.73% in the past month [6] Valuation Metrics - Marathon Petroleum has a Forward P/E ratio of 16.3, which is higher than the industry average of 13.77 [7] - The company has a PEG ratio of 0.91, compared to the industry average PEG ratio of 1.15 [8] Industry Context - The Oil and Gas - Refining and Marketing industry, which includes Marathon Petroleum, has a Zacks Industry Rank of 89, placing it in the top 37% of over 250 industries [9] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [9]