Earnings Outlook For Marathon Petroleum
Portfolio Pulse from Benzinga Insights
Marathon Petroleum (NYSE:MPC) is expected to release its quarterly earnings report on January 30, 2024, with an estimated EPS of $2.21. Investors are looking for an earnings beat and positive guidance for future growth. Historically, MPC's stock price has reacted to past earnings performances and guidance. Last quarter, MPC beat the EPS estimate by $0.36, leading to a 2.62% stock price increase the following day. Over the past year, MPC shares have risen by 25.04%, indicating a bullish sentiment among long-term shareholders.
January 29, 2024 | 2:02 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Marathon Petroleum is anticipated to release its earnings report with an estimated EPS of $2.21. Positive results and guidance could influence the stock positively, as seen historically.
Given the historical positive reaction to earnings beats and the overall 25.04% increase in stock price over the last 52 weeks, a positive earnings report with an EPS beat and favorable guidance is likely to result in a short-term positive impact on MPC's stock price.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100