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How Has Marathon Oil Stock Reacted to Past Earnings Results?

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Consensus and actual earnings

In the last four quarters, Marathon Oil (MRO) has met the consensus EPS (earnings per share) estimate 25% of the time and beat the consensus EPS estimate 75% of the time. Marathon hasn’t missed EPS estimates in the last year.

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Marathon’s stock price reaction to past earnings

Marathon Oil reported its 3Q16 earnings on November 2, 2016. In 3Q16, excluding one-time items, it beat the consensus EPS estimate by $0.09. Following the earnings release, its better-than-expected earnings led to Marathon Oil’s stock price rising ~32% in three weeks.

Marathon reported its 2Q16 earnings on August 3, 2016. In 2Q16, excluding one-time items, it beat the consensus EPS estimate by $0.01. Following news of its better-than-expected earnings, Marathon’s stock price rose ~26% in three weeks.

Marathon reported its 1Q16 earnings on May 4, 2016. In 1Q16, excluding one-time items, it beat the consensus EPS estimate by $0.03. Following news of its better-than-expected earnings, in a contrarian reaction, Marathon’s price fell ~7% in three sessions.

Marathon reported its 4Q15 earnings on February 17, 2016. In 4Q15, excluding one-time items, it reported a loss of $0.48, meeting the consensus estimate of -$0.48. Following the earnings release, Marathon’s stock fell ~9% in two sessions.

Other oil and gas producers

In the last four quarters, upstream peers Pioneer Natural Resources (PXD), Devon Energy (DVN), and Murphy Oil (MUR) have beaten earnings expectations ~75%, ~100%, and ~75% of the time, respectively.

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