Marathon Petroleum Corp reports results for the quarter ended March 31 - Earnings Summary

• Marathon Petroleum Corp MPC.N reported a quarterly adjusted loss of 24 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $2.58. The mean expectation of eighteen analysts for the quarter was for a loss of 53 cents per share. Wall Street expected results to range from -81 cents to 6 cents per share.

• Revenue fell 4.1% to $31.85 billion from a year ago; analysts expected $29.58 billion.

• Marathon Petroleum Corp's reported EPS for the quarter was a loss of 24 cents​.

• The company reported a quarterly loss of $74 million.

• Marathon Petroleum Corp shares had fallen by 1.6% this quarter and gained 2.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 159.2% in the last three months.​

• In the last 30 days, thirteen analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas refining and marketing peer group is also "buy"

• Wall Street's median 12-month price target for Marathon Petroleum Corp is $158.00

This summary was machine generated from LSEG data May 6 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)