MPLX(US:MPLX) ZACKSยท2024-06-12 23:00Company Performance - MPLX LP closed at $41.17, reflecting a +0.05% change from the previous day, which is less than the S&P 500's daily gain of 0.85 [1] - The company is expected to report earnings of $1 per share on August 6, 2024, indicating a year-over-year growth of 9.89%, with projected revenue of $2.92 billion, up 8.61% from the prior-year quarter [2] - Over the last month, MPLX shares increased by 1.73%, outperforming the Oils-Energy sector's loss of 4.55% but underperforming the S&P 500's gain of 3.11% [7] Analyst Projections - Recent revisions in analyst projections for MPLX LP suggest a favorable outlook on the company's business health and profitability [3] - The Zacks Consensus EPS estimate has shifted 0.5% upward over the past month, and MPLX LP currently holds a Zacks Rank of 3 (Hold) [4] Valuation Metrics - MPLX has a PEG ratio of 2.06, compared to the Oil and Gas - Production and Pipelines industry's average PEG ratio of 3.3 [5] - The company is trading with a Forward P/E ratio of 10.26, which is a discount compared to the industry average Forward P/E of 16.83 [10] Industry Context - The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector and has a Zacks Industry Rank of 55, placing it in the top 22% of over 250 industries [11] - The Zacks Rank system indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6] Full Year Estimates - For the full year, analysts expect earnings of $4.01 per share and revenue of $11.82 billion, representing changes of +5.53% and +4.82% respectively from the previous year [8]