| Why Marathon Oil (MRO) Might Surprise This Earnings Season - Tale of the Tape | |
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Investors are always looking for stocks that are poised to beat at earnings season and Marathon Oil Corporation (MRO)may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report. That is because Marathon Oilis seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings—with the most up-to-date information possible—is a pretty good indicator of some favorable trends underneath the surface for MRO in this report. In fact, the Most Accurate Estimate for the current quarter currently stands at a loss of 23 cents per share for MRO, compared to a broader Zacks Consensus Estimate of a loss of 27 cents per share. This suggests that analysts have very recently bumped up their estimates for MRO, giving the stock a Zacks Earnings ESP of 14.82% heading into earnings season. Why is this Important? A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10 year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here). Given that MRO has a Zacks Rank #3 (Hold) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. Clearly, recent earnings estimate revisions suggest that good things are ahead for Marathon Oil, and that a beat might be in the cards for the upcoming report. 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 >> 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 MARATHON OIL CP (MRO): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Marathon Oil Corporation
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CODE : MRO |
ISIN : US5658491064 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Marathon Oil est une société d’exploration minière de pétrole basée aux Etats-Unis D'Amerique. Marathon Oil est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 23,9 milliards US$ (21,0 milliards €). La valeur de son action a atteint son plus bas niveau récent le 13 août 1982 à 0,70 US$, et son plus haut niveau récent le 28 mars 2024 à 28,18 US$. Marathon Oil possède 849 755 866 actions en circulation. |