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Marathon Petroleum Second Quarter Earnings Preview
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MPC
In the lead up to Marathon Petroleum's (NYSE:MPC) announcement of its second quarter earnings on Tuesday, July 31, 2012, analysts' expectations have improved over the past month from $2.39 per share to the current projection of earnings of $2.54 per share.
Investors should care about a company's quarterly earnings because it shows the state of the business over the past 90 days and provides guidance for the following 90 days. SEE: Surprising Earnings Results
What to Expect: Analysts are expecting Marathon to report earnings of $2.54 per share, up 10.9% from a year ago, when the company reported earnings of $2.29 per share.
The figure has risen from $2.03 over the past three months. Analysts are projecting earnings of $7.41 per share for the fiscal year.
Marathon is expected to report revenue of $18.64 billion for the quarter, down by 10.3% from last year's figure of $20.77 billion. Revenue for the fiscal year is expected to come in at $73.63 billion.
Company Performance: The past three quarters have marked revenue growth. It hit $20.27 billion in first quarter, a 13.5% increase. Previously, revenue went up 11.4% in the fourth quarter of the last fiscal year and 29.7% in the third quarter of the last fiscal year.
Price/earnings ratios (P/E ratios) provide a measure of the relative value of a stock. High P/E stocks could be "growth" stocks, while low PE stocks may be "value" stocks. SEE: Can Investors Trust the P/E Ratio?
The stock price has increased from $41.29 on April 27, 2012 to $44.51 over the past quarter. Marathon's best recent streak was when its price gained $3.63 per share between June 7, 2012 and June 19, 2012.
Investors should care about a company's quarterly earnings because it shows the state of the business over the past 90 days and provides guidance for the following 90 days. SEE: Surprising Earnings Results
What to Expect: Analysts are expecting Marathon to report earnings of $2.54 per share, up 10.9% from a year ago, when the company reported earnings of $2.29 per share.
The figure has risen from $2.03 over the past three months. Analysts are projecting earnings of $7.41 per share for the fiscal year.
Marathon is expected to report revenue of $18.64 billion for the quarter, down by 10.3% from last year's figure of $20.77 billion. Revenue for the fiscal year is expected to come in at $73.63 billion.
Company Performance: The past three quarters have marked revenue growth. It hit $20.27 billion in first quarter, a 13.5% increase. Previously, revenue went up 11.4% in the fourth quarter of the last fiscal year and 29.7% in the third quarter of the last fiscal year.
Price/earnings ratios (P/E ratios) provide a measure of the relative value of a stock. High P/E stocks could be "growth" stocks, while low PE stocks may be "value" stocks. SEE: Can Investors Trust the P/E Ratio?
The stock price has increased from $41.29 on April 27, 2012 to $44.51 over the past quarter. Marathon's best recent streak was when its price gained $3.63 per share between June 7, 2012 and June 19, 2012.
by
Investopedia Staff
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