Earnings Preview for Marathon Petroleum

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Marathon Petroleum MPC releases its next round of earnings this Tuesday, February 02. Get the latest predictions in Benzinga's essential guide to the company's Q4 earnings report.

Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Analysts are predicting Marathon Petroleum will report a loss of $1.41 per share on revenue of $17.43 billion. Marathon Petroleum EPS in the same period a year ago totaled $1.56. Sales were $31.38 billion.

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What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

If the company were to match the consensus estimate when it reports Tuesday, EPS would have fallen 190.38%. Revenue would have fallen 44.45% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020
EPS Estimate -1.7 -1.75 -0.26 0.89
EPS Actual -1 -1.33 -0.16 1.56
Revenue Estimate 17.99 B 18.88 B 23.91 B 33.61 B
Revenue Actual 17.55 B 15.20 B 24.08 B 31.38 B

Stock Performance

Over the past 52-week period, shares of Marathon Petroleum have declined 19.27%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Marathon Petroleum is scheduled to hold the call at 09:30:00 ET and can be accessed here.

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