Marathon Petroleum Earnings Preview: Can This Streak Continue?

Marathon Petroleum (NYSE:MPC) will report earnings before markets open on Tuesday, April 30th. Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, transporting, and marketing petroleum products primarily in the United States and internationally.

Here is your Cheat Sheet to Marathon Petroleum Earnings:

Earnings Expectations: Analysts expect earnings of $2.16 per share on revenues of $20.11 billion. Currently, the company’s P/E ratio stands at 8.25.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $3 to a profit $3.13. For the current year, the average estimate is a profit of $10.7, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Marathon Petroleum has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 65,260 45,640 62,600 78,760 82,490
Diluted EPS ($) 1.74 6.67 9.89

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 19,440 20,280 20,260 21,250 20,710
Diluted EPS ($) -0.2107 1.70 2.38 3.59 2.247

Past Performance:
Marathon Petroleum has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]