Marathon Oil Q4 Earnings Preview
Marathon Oil (NYSE: MRO) unveils its next round of earnings Wednesday. Get prepared with Benzinga's ultimate preview for Marathon Oil's Q4 earnings.
Earnings and Revenue
Marathon Oil EPS is expected to be around 1 cent per share, according to sell-side analysts. Sales will likely be near $1.29 billion.
In the same quarter last year, Marathon Oil posted an earnings loss of 1 cent per share on sales of $1.38 billion. Sales would be down 7.13 percent from the year-ago period.
In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:
Quarter | Q3 2017 | Q2 2017 | Q1 2017 | Q4 2016 |
EPS Estimate | -0.15 | -0.14 | -0.1 | -0.15 |
EPS Actual | -0.08 | -0.17 | -0.07 | -0.1 |
Q4 EPS Estimate: 1 cent per share
Q4 Revenues Estimate: $1.29 billion
Stock Performance
Over the last 52-week period, shares are up 0.49 percent. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release.
Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. Analysts generally rate Marathon Oil stock as Neutral. The strength of this rating has maintained conviction over the past three months.
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