| Can Marathon Petroleum (MPC) Sustain its Earnings Streak? - Analyst Blog | |
| | |
|
Last quarter, the company had delivered an impressive 94.56% positive earnings surprise. Moreover, Marathon Petroleum’s average earnings surprise during the last four quarters stands at +24.11%. Let’s see how things are shaping up for this announcement. Why a Likely Positive Surprise? Our proven model shows that Marathon Petroleum is likely to beat earnings because it has the right combination of two key ingredients. Positive Zacks ESP: Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, stands at +2.13%. This is a meaningful indicator of a likely positive earnings surprise. Favorable Zacks Rank: Marathon Petroleum carries a Zacks Rank #2 (Buy) which, when combined with +2.13% ESP, makes us fairly confident of an earnings beat. Note that stocks with Zacks Ranks #1, 2 or 3 have a significantly higher chance of beating earnings. The Sell-rated stocks (#4 or 5) should never be considered going into an earnings announcement. What is Driving the Better-Than-Expected Earnings? The crude pricing scenario was significantly weak as evident from the fact that the commodity traded in the range of $45–$55 per barrel for the most of the January-March period, down from the $100-a-barrel mark back last June. Being a leading independent refiner, the company is expected to have benefited from considerably low input cost following plunging crude prices. Other Stocks to Consider Other stocks in the energy sector that have both a positive Earnings ESP and a favorable Zacks Rank are: Suncor Energy Inc. SU with an Earnings ESP of +400.00% and a Zacks Rank #2. The company is expected to release earnings on Apr 29. Cenovus Energy Inc. CVE with an Earnings ESP of +36.36% and a Zacks Rank #2. The company is slated to release earnings on Apr 29. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SUNCOR ENERGY (SU): Free Stock Analysis Report MARATHON OIL CP (MRO): Free Stock Analysis Report CENOVUS ENERGY (CVE): Free Stock Analysis Report MARATHON PETROL (MPC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
|
|
|
Marathon Oil Corporation
|
|
|
CODE : MRO |
ISIN : US5658491064 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Marathon Oil is a oil exploration company based in United states of america. Marathon Oil is listed in United States of America. Its market capitalisation is US$ 23.6 billions as of today (€ 22.0 billions). Its stock quote reached its lowest recent point on August 13, 1982 at US$ 0.70, and its highest recent level on April 26, 2024 at US$ 27.77. Marathon Oil has 849 755 866 shares outstanding. |