Marathon Oil's Earnings: A Preview

Marathon Oil (NYSE:MRO) is gearing up to announce its quarterly earnings on Wednesday, 2024-11-06. Here's a quick overview of what investors should know before the release.

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 ...