In the latest market close, MPLX LP (MPLX) reached $48.24, with a +1.03% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.82%. Meanwhile, the Dow lost 0.22%, and the Nasdaq, a tech-heavy index, added 1.77%.

Prior to today's trading, shares of the company had gained 3.8% over the past month. This has outpaced the Oils-Energy sector's loss of 2.1% and the S&P 500's gain of 0.8% in that time.

Analysts and investors alike will be keeping a close eye on the performance of MPLX LP in its upcoming earnings disclosure. The company is expected to report EPS of $1.03, down 6.36% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $3.06 billion, indicating a 3.12% growth compared to the corresponding quarter of the prior year.

For the full year, the Zacks Consensus Estimates are projecting earnings of $4.18 per share and revenue of $11.93 billion, which would represent changes of +10% and +5.71%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for MPLX LP. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 3.06% fall in the Zacks Consensus EPS estimate. As of now, MPLX LP holds a Zacks Rank of #3 (Hold).

From a valuation perspective, MPLX LP is currently exchanging hands at a Forward P/E ratio of 11.43. This expresses a discount compared to the average Forward P/E of 16.77 of its industry.

Meanwhile, MPLX's PEG ratio is currently 2.84. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. MPLX's industry had an average PEG ratio of 3.37 as of yesterday's close.

The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 185, finds itself in the bottom 27% echelons of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.

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