Marathon Oil Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Marathon Oil Corp (NYSE:MRO) will unveil its latest earnings on Tuesday, November 1, 2011. Marathon Oil is an oil and natural gas exploration and production company with operations in North America, Africa, and Europe.

Marathon Oil Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 85 cents per share, a decline of 15% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 93 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 85 cents during the last month. Analysts are projecting profit to rise by 10.4% versus last year to $4.03.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the second quarter, the company reported net income of 96 cents per share versus a mean estimate of profit of 99 cents per share. In the first quarter, the company beat estimates by 23 cents.

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

Wall St. Revenue Expectations: On average, analysts predict $2.6 billion in revenue this quarter, a decline of 86% from the year ago quarter. Analysts are forecasting total revenue of $30.79 billion for the year, a decline of 58.2% from last year’s revenue of $73.62 billion.

Analyst Ratings: Analysts are bullish on Marathon Oil as nine analysts rate it as a buy, none rate it as a sell and nine rate it as a hold.

A Look Back: In the second quarter, profit rose 40.5% to $996 million ($1.39 a share) from $709 million ($1 a share) the year earlier, but fell short analyst expectations. Revenue fell 79.9% to $3.7 billion from $18.45 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose more than twofold in the first quarter and 98.9% in the fourth quarter of the last fiscal year.

A year-over-year revenue decrease in the second quarter snapped a streak of three consecutive quarters of revenue increases. Revenue rose 31.9%in the first quarter, 23.1% in the fourth quarter of the last fiscal year and 28.4% in the third quarter of the last fiscal year.

Competitors to Watch: Chevron Corporation (NYSE:CVX), ConocoPhillips (NYSE:COP), Hess Corp. (NYSE:HES), Exxon Mobil Corporation (NYSE:XOM), BP plc (NYSE:BP), TOTAL S.A. (NYSE:TOT), Statoil ASA (NYSE:STO), Repsol YPF, S.A. (REPYY), and Murphy Oil Corporation (NYSE:MUR).

Stock Price Performance: During September 28, 2011 to October 26, 2011, the stock price had risen $4.19 (18.9%) from $22.15 to $26.34. The stock price saw one of its best stretches over the last year between January 5, 2011 and January 13, 2011 when shares rose for seven-straight days, rising 15.1% (+$3.37) over that span. It saw one of its worst periods between July 25, 2011 and August 4, 2011 when shares fell for nine-straight days, falling 22.7% (-$7.34) over that span. Shares are up $4.22 (+19.1%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.