Marathon(US:MPC) ZACKSยท2024-06-13 23:13Company Overview - Marathon Petroleum is set to announce its earnings on August 6, 2024, with projected earnings per share (EPS) of $6.25, reflecting a 17.48% increase from the same quarter last year [1] - The consensus estimate anticipates revenue of $31.85 billion, indicating a 13.52% decrease from the same quarter last year [1] - For the entire fiscal year, the Zacks Consensus Estimates predict earnings of $19.28 per share and revenue of $129.28 billion, showing changes of -18.41% and -13.99%, respectively, from the previous year [10] Stock Performance - Shares of Marathon Petroleum have lost 2.25% over the past month, outperforming the Oils-Energy sector's loss of 4.97% but lagging behind the S&P 500's gain of 3.96% during the same period [5] - The most recent trading session ended with Marathon Petroleum at $170.51, reflecting a +1.04% shift from the previous trading day's closing [9] Valuation Metrics - Marathon Petroleum currently has a PEG ratio of 1.46, compared to the industry average PEG ratio of 1.74 [3] - The company has a Forward P/E ratio of 8.75, which is lower than the industry average Forward P/E of 11.19, suggesting that Marathon Petroleum is trading at a discount [7] Analyst Estimates - Recent changes to analyst estimates for Marathon Petroleum indicate a shifting landscape in near-term business trends, with positive changes suggesting a favorable outlook on the company's health and profitability [6] - The Zacks Consensus EPS estimate has moved 2.89% lower over the past month, and Marathon Petroleum currently holds a Zacks Rank of 3 (Hold) [11] Industry Context - The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector and currently holds a Zacks Industry Rank of 93, placing it in the top 37% of all 250+ industries [12]