Published on 30 May 2024 on Zacks via Yahoo Finance
Marathon Petroleum (MPC) Down 3.6% Since Last Earnings Report: Can It Rebound?
A month has gone by since the last earnings report for Marathon Petroleum (MPC). Shares have lost about 3.6% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Marathon Petroleum due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
Marathon Q1 Earnings Beat Estimates