Marathon Oil Earnings: What Investors Should Watch

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Marathon Oil (NYSE:MRO) will report earnings after markets close on Tuesday, May 7th. Marathon Oil Corporation, through its subsidiaries, is an integrated oil firm with operations worldwide. The Company explores for and produces and markets liquid hydrocarbons and natural gas on a worldwide basis. Marathon also mines, extracts and transports bitumen from oil sands deposits in Alberta, Canada and refines, markets and transports crude oil and petroleum products.

Here is your Cheat Sheet to Marathon Oil Earnings:

Earnings Expectations: Analysts expect earnings of $0.72 per share on revenues of $4.25 billion. Currently, the company’s P/E ratio stands at 14.30.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.75 to a profit $0.7. For the current year, the average estimate is a profit of $2.95, which is worse than the estimate ninety days ago.

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Earnings Trends:

Here’s how Marathon Oil has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 78,130 53,960 12,870 15,280 16,220
Diluted EPS ($) 4.95 2.06 3.61 4.13 2.23

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 3,809 4,040 3,784 4,161 4,236
Diluted EPS ($) 0.7754 0.59 0.56 0.00 0.4516

Past Performance:
Marathon Oil has beat analyst estimates 1 time in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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