Earnings Preview: Marathon Petroleum
Portfolio Pulse from Benzinga Insights
Marathon Petroleum (NYSE:MPC) is set to release its quarterly earnings report on Tuesday, 2023-08-01. Analysts estimate an earnings per share (EPS) of $4.55. The company's past performance shows a trend of beating EPS estimates but experiencing a drop in share price the following day. Shares are currently trading at $131.83, up 42.6% over the last 52-week period.
July 31, 2023 | 3:02 pm
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Marathon Petroleum is expected to report an EPS of $4.55 in its upcoming earnings. Despite beating EPS estimates in the past, the company's share price has typically dropped the following day.
Marathon Petroleum has a history of beating EPS estimates, which is generally a positive sign. However, the company's share price has typically dropped the following day after the earnings release, indicating that investors may have different expectations. The upcoming earnings report could potentially follow this trend.
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