![]() 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. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. ![]() As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Recent revisions tend to reflect the latest near-term business trends. Investors might also notice recent changes to analyst estimates for Marathon Petroleum. ![]() Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $31.9 billion, down 41.18% from the year-ago period.įor the full year, our Zacks Consensus Estimates are projecting earnings of $19.23 per share and revenue of $135.84 billion, which would represent changes of -26.49% and -24.51%, respectively, from the prior year. ![]() The company is expected to report EPS of $4.75, down 55.23% from the prior-year quarter. Wall Street will be looking for positivity from Marathon Petroleum as it approaches its next earnings report date. ![]()
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