Analysts are estimating that Marathon Oil will report an earnings per share (EPS) of $0.63.
The announcement from Marathon Oil is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
Earnings Track Record
The company's EPS missed by $0.08 in the last quarter, leading to a 1.53% increase in the share price on the following day.
Here's a look at Marathon Oil's past performance and the resulting price change:
Quarter
Q2 2024
Q1 2024
Q4 2023
Q3 2023
EPS Estimate
0.71
0.56
0.63
0.71
EPS Actual
0.63
0.55
0.69
0.77
Price Change %
2.0%
-0.0%
1.0%
3.0%
Marathon Oil Share Price Analysis
Shares of Marathon Oil were trading at $27.51 as of November 04. Over the last 52-week period, shares are up 11.46%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
Analysts' Take on Marathon Oil
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Marathon Oil.
A total of 12 analyst ratings have been received for Marathon Oil, with the consensus rating being Neutral. The ...
