Key Highlights:
- MPLX is set to release its Q1 results on May 6, with projected EPS of $1.15 and revenue of $3.16 billion.
- Analysts predict a potential upside of 10.91% with an average target price of $57.01.
- Current GuruFocus GF Value suggests a 13.39% downside from the current price.
MPLX Q1 Earnings Announcement
MPLX LP (MPLX, Financial) is anticipated to reveal its first-quarter financial results on May 6, ahead of the market opening. Analysts forecast earnings per share (EPS) of $1.15 and expect revenues to reach $3.16 billion, marking a 10.9% increase compared to the previous year. Impressively, MPLX has outperformed both EPS and revenue estimates 75% of the time in the past year, bolstered by recent upward revisions.
Wall Street Analysts' Insights
Wall Street analysts have set a one-year price target for MPLX, averaging $57.01, with the highest projection at $64.00 and the lowest at $49.11. This average price target suggests a potential upside of 10.91% from its current trading price of $51.40. For more comprehensive estimates, visit the MPLX LP (MPLX, Financial) Forecast page.
Among 15 brokerage firms, MPLX LP is presently rated at a 2.3 on average, indicating an "Outperform" status. This rating operates on a scale from 1 to 5, where 1 represents a Strong Buy and 5 signifies a Sell.
GuruFocus Valuation Metrics
The GF Value for MPLX LP is estimated at $44.52 for the coming year, indicating a potential downside of 13.39% when compared to the current market price of $51.40. The GF Value is GuruFocus' proprietary estimate of a stock's fair trading value, determined through historical trading multiples, previous business growth, and future performance estimates. For further details, explore the MPLX LP (MPLX, Financial) Summary page.
