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Marathon Petroleum Third Quarter Earnings Preview
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MPC
Marathon Petroleum (NYSE:MPC) will announce its third quarter earnings on Thursday, November 1, 2012. Analysts have become increasingly bullish on the company in the last month, with consensus earnings per share estimate moving up from $2.46 a share to the current expectation of earnings of $3.29 a share.
Earnings are perhaps the single most studied number in a company's financial statements because they show a company's profitability. SEE: 12 Things You Need To Know About Financial Statements
What to Expect: Analysts are expecting Marathon to report earnings of $3.29 per share, up 4.1% from a year ago, when the company reported earnings of $3.16 per share.
This is an increase from $2.02 three months ago. For the fiscal year, analysts are expecting earnings of $9.10 per share.
Marathon's expected revenue of $18.88 billion for the quarter is below last year's reported figure of $20.63 billion by 8.5%. Revenue for the fiscal year is expected to come in at $76.83 billion.
Company Performance: Revenue fell year-over-year in the second quarter to end a three-quarter growth streak. It fell 2.5% in the second quarter after rising 13.5%in the first quarter, 11.4% in the fourth quarter of the last fiscal year and 29.7% in the third quarter of the last fiscal year.
MPC's P/E ratio of 7.9 falls below the industry average of 19.22. A low P/E might arise due to substantial inherent risk of the firm and its operations, poor return on equity, or improper valuation of the market. A simple P/E ratio can reveal the stock's real market value and show how the valuation compares to its industry group or a benchmark like the S&P 500 Index. A high P/E ratio indicates a stock that is expensive, while a low P/E ratio indicates a stock that is cheap. SEE: How To Use The P/E Ratio And PEG To Tell The Future Of A Stock
The stock price has increased from $47.30 on July 31, 2012 to $55.61 over the past quarter. Marathon's best recent streak was when its price gained $5.29 per share between September 5, 2012 and September 14, 2012.
Earnings are perhaps the single most studied number in a company's financial statements because they show a company's profitability. SEE: 12 Things You Need To Know About Financial Statements
What to Expect: Analysts are expecting Marathon to report earnings of $3.29 per share, up 4.1% from a year ago, when the company reported earnings of $3.16 per share.
This is an increase from $2.02 three months ago. For the fiscal year, analysts are expecting earnings of $9.10 per share.
Marathon's expected revenue of $18.88 billion for the quarter is below last year's reported figure of $20.63 billion by 8.5%. Revenue for the fiscal year is expected to come in at $76.83 billion.
Company Performance: Revenue fell year-over-year in the second quarter to end a three-quarter growth streak. It fell 2.5% in the second quarter after rising 13.5%in the first quarter, 11.4% in the fourth quarter of the last fiscal year and 29.7% in the third quarter of the last fiscal year.
MPC's P/E ratio of 7.9 falls below the industry average of 19.22. A low P/E might arise due to substantial inherent risk of the firm and its operations, poor return on equity, or improper valuation of the market. A simple P/E ratio can reveal the stock's real market value and show how the valuation compares to its industry group or a benchmark like the S&P 500 Index. A high P/E ratio indicates a stock that is expensive, while a low P/E ratio indicates a stock that is cheap. SEE: How To Use The P/E Ratio And PEG To Tell The Future Of A Stock
The stock price has increased from $47.30 on July 31, 2012 to $55.61 over the past quarter. Marathon's best recent streak was when its price gained $5.29 per share between September 5, 2012 and September 14, 2012.
by
Investopedia Staff
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