From Nasdaq:

Marathon Petroleum (MPC) has a history of surpassing earnings expectations in its upcoming report. With a 10.71% average surprise for the past two quarters, the company’s earnings estimates have seen favorable changes, backed by a positive Earnings ESP and Zacks Rank. The Zacks Earnings ESP, predicts a positive surprise almost 70% of the time.

Marathon Petroleum (MPC) recently reported earnings of $8.14 per share, beating the Zacks Consensus Estimate of $7.79 per share, and is expected to release its next earning on January 30, 2024. The company exhibits positive Earnings ESP, indicating a potential beat.

The importance of analyzing a company’s Earnings ESP ahead of its quarterly release is stressed, as it could increase odds of success. Alternatively, utilize Zacks’ Earnings ESP Filter to identify the best stocks to buy or sell before they report.

The prospects for Marathon Petroleum Corporation (MPC) show a potentially higher value, making it an attractive investment for future gains. With positive earnings estimates, and a focus on revenue growth, retail investors might find it beneficial to consider this stock.

A little-known chemical company is forecasted to have explosive upside, considering soaring 2022 earnings estimates and a significant amount allocated to share repurchasing. The company could potentially surpass other stocks that have had substantial growth.



Read more: Can Marathon Petroleum (MPC) Keep the Earnings Surprise Streak Alive?