Marathon Oil Corp reports results for the quarter ended in September 30 - Earnings Summary

Marathon Oil

07/11/2024 05:02

* Marathon Oil Corp  MRO.N  reported quarterly adjusted
earnings
of 64 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of 77 cents.  The mean expectation of twenty analysts for
the quarter was for earnings of 63 cents per share. Wall Street
expected results to range from 51 cents to 78 cents per share.
    * Revenue fell 4% to $1.74 billion from a year ago; analysts
expected $1.72 billion. 
    * Marathon Oil Corp's reported EPS for the quarter was 51
cents​.
    * The company reported quarterly net income of $287 million.
    * Marathon Oil Corp shares had risen by 3.6% this
quarter and
gained 14.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 18.2%
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 10 "strong buy" or "buy," 12
"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 $31.00 
This summary was machine generated from LSEG data November 7 at
05:02 a.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
 Sep. 30 2024      0.63           0.64           Beat
 Jun. 30 2024      0.69           0.63           Missed
 Mar. 31 2024      0.54           0.55           Beat
 Dec. 31 2023      0.63           0.69           Beat