The Country Caller outlines analysts’ expectations for Marathon Petroleum and Johnson Controls before their earnings announcements
Published By: Angela Campbell on January 31, 2017 11:11 am EST
Marathon Petroleum Corp (NYSE:MPC) and Johnson Controls International plc Ordinary Share (NYSE:JCI) will provide their latest financial data before the opening bell on Wednesday, February 1. MPC will reveal its result for the fourth quarter of fiscal year 2016 (4QFY16) while JCI is expected to unveil 1QFY17 financial results.
Marathon Petroleum has a consensus EPS estimate of 25 cents, which implies a decline of about 29% year-over-year (YoY). Moreover, Earningswhispers.com expects the Ohio-based company to miss the aforementioned estimate by 12% with its earnings per share (EPS) forecast of 22 cents.
Furthermore, revenue is expected to come in at $13.5 billion, which represents a decrease of about 14%. Nonetheless, Estimize.com remains more hopeful and expects revenue to clock in at $13.73 billion.
The consensus EPS estimate stands at 52 cents. However, Estimize.com believes the company will surpass Wall Street estimates with its EPS forecast of 53 cents.
Furthermore, analysts expect the company to report revenue of $7.09 billion for the quarter, which would mark a decline of 30.46% quarter-over-quarter (QoQ). However, Estimize.com expects the company to easily beat Wall Street estimates with its revenue forecast of $7.14 billion.