The most recent trading session ended with MPLX LP (MPLX) standing at $53.89, reflecting a +0.35% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 1.77%. Meanwhile, the Dow gained 1.42%, and the Nasdaq, a tech-heavy index, added 2.28%.

The company's shares have seen an increase of 0.6% over the last month, surpassing the Oils-Energy sector's gain of 0.43% and the S&P 500's loss of 5.73%.

Analysts and investors alike will be keeping a close eye on the performance of MPLX LP in its upcoming earnings disclosure. The company's earnings report is set to go public on May 6, 2025. It is anticipated that the company will report an EPS of $1.09, marking a 11.22% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $3.18 billion, reflecting a 11.79% rise from the equivalent quarter last year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.43 per share and a revenue of $13.09 billion, representing changes of +5.23% and +9.66%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for MPLX LP. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.41% higher within the past month. MPLX LP is currently a Zacks Rank #2 (Buy).

With respect to valuation, MPLX LP is currently being traded at a Forward P/E ratio of 12.12. This denotes a discount relative to the industry's average Forward P/E of 17.86.

It is also worth noting that MPLX currently has a PEG ratio of 1.68. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Oil and Gas - Production and Pipelines industry had an average PEG ratio of 2.91 as trading concluded yesterday.

The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 69, finds itself in the top 28% echelons of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

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This article originally published on Zacks Investment Research (zacks.com).

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