Marathon Oil Corp reports results for the quarter ended in June - Earnings Summary

Marathon Oil

07/08/2024 23:28

* Marathon Oil Corp  MRO.N  reported quarterly adjusted
earnings
of 63 cents​​ per share for the quarter ended in June, higher
than the same quarter last year, when the company reported EPS
of 48 cents.  The mean expectation of twenty analysts for the
quarter was for earnings of 69 cents per share. Wall Street
expected results to range from 57 cents to 85 cents per share.
    * Revenue rose 10.1% to $1.67 billion from a year ago;
analysts
expected $1.69 billion. 
    * Marathon Oil Corp's reported EPS for the quarter was 62
cents​.
    * The company reported quarterly net income of $349 million.
    * Marathon Oil Corp shares had fallen by 7.2% this
quarter and
gained 10.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.3%
in the last three months.​ 
    * In the last 30 days, nine analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 11
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is also "buy"

Wall Street's median 12-month price target for Marathon Oil Corp
is $33.00 
This summary was machine generated from LSEG data August 7 at
10:27 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.69           0.63           Missed
 Mar. 31 2024      0.54           0.55           Beat
 Dec. 31 2023      0.63           0.69           Beat
 Sep. 30 2023      0.71           0.77           Beat