Marathon Petroleum Q4 Adj. EPS $3.98 Beats $2.21 Estimate, Sales $36.82B Beat $34.66B Estimate
Portfolio Pulse from Benzinga Newsdesk
Marathon Petroleum (NYSE:MPC) reported Q4 adjusted EPS of $3.98, surpassing the $2.21 analyst estimate by 80.09%. However, this reflects a 40.15% decrease from last year's $6.65 EPS. Q4 sales reached $36.82B, exceeding the $34.66B estimate by 6.23% but marking an 8.16% decline from the previous year's $40.09B.
January 30, 2024 | 11:40 am
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Marathon Petroleum's Q4 earnings surpassed expectations with an EPS of $3.98 against a $2.21 estimate, but showed a year-over-year decline in both EPS and sales.
The significant beat on both earnings per share and sales estimates is likely to be viewed positively by investors in the short term, despite the year-over-year decline. The better-than-expected results could lead to a short-term increase in stock price as the market reacts to the strong quarterly performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100