Marathon Petroleum (MPC) closed the most recent trading day at $467.98, moving -1.49% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.58% for the day. Meanwhile, the Dow experienced a rise of 0.69%, and the technology-dominated Nasdaq saw an increase of 1.05%.
The stock of refiner has risen by 21.91% in the past month, leading the Oils-Energy sector's gain of 6.29% and the S&P 500's gain of 0.97%.
Investors will be eagerly watching for the performance of Marathon Petroleum in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 3, 2026. On that day, Marathon Petroleum is projected to report earnings of $25.63 per share, which would represent year-over-year growth of 751.5%. Our most recent consensus estimate is calling for quarterly revenue of $33.56 billion, down 6.38% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $64 per share and revenue of $155.33 billion. These totals would mark changes of +498.13% and +14.87%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Marathon Petroleum. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 8.19% higher. As of now, Marathon Petroleum holds a Zacks Rank of #1 (Strong Buy).
In the context of valuation, Marathon Petroleum is at present trading with a Forward P/E ratio of 7.42. This expresses a discount compared to the average Forward P/E of 8.25 of its industry.
We can additionally observe that MPC currently boasts a PEG ratio of 0.14. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. MPC's industry had an average PEG ratio of 0.27 as of yesterday's close.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 4, putting it in the top 2% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Marathon Petroleum Corporation (MPC): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).