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BP (BP - Free Report) closed at $35.15 in the latest trading session, marking a -0.14% move from the prior day. This change was narrower than the S&P 500's 1.04% loss on the day. Meanwhile, the Dow lost 0.38%, and the Nasdaq, a tech-heavy index, lost 5.88%.
Prior to today's trading, shares of the oil and gas company had gained 3.83% over the past month. This has outpaced the Oils-Energy sector's loss of 0.27% and lagged the S&P 500's gain of 8.97% in that time.
BP will be looking to display strength as it nears its next earnings release, which is expected to be February 7, 2023. In that report, analysts expect BP to post earnings of $1.65 per share. This would mark year-over-year growth of 34.15%. Meanwhile, our latest consensus estimate is calling for revenue of $59.51 billion, up 13.91% from the prior-year quarter.
Any recent changes to analyst estimates for BP should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.2% higher within the past month. BP currently has a Zacks Rank of #3 (Hold).
Investors should also note BP's current valuation metrics, including its Forward P/E ratio of 5.24. Its industry sports an average Forward P/E of 5.24, so we one might conclude that BP is trading at a no noticeable deviation comparatively.
We can also see that BP currently has a PEG ratio of 0.79. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Oil and Gas - Integrated - International stocks are, on average, holding a PEG ratio of 0.63 based on yesterday's closing prices.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 43, putting it in the top 18% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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BP (BP) Stock Moves -0.14%: What You Should Know
BP (BP - Free Report) closed at $35.15 in the latest trading session, marking a -0.14% move from the prior day. This change was narrower than the S&P 500's 1.04% loss on the day. Meanwhile, the Dow lost 0.38%, and the Nasdaq, a tech-heavy index, lost 5.88%.
Prior to today's trading, shares of the oil and gas company had gained 3.83% over the past month. This has outpaced the Oils-Energy sector's loss of 0.27% and lagged the S&P 500's gain of 8.97% in that time.
BP will be looking to display strength as it nears its next earnings release, which is expected to be February 7, 2023. In that report, analysts expect BP to post earnings of $1.65 per share. This would mark year-over-year growth of 34.15%. Meanwhile, our latest consensus estimate is calling for revenue of $59.51 billion, up 13.91% from the prior-year quarter.
Any recent changes to analyst estimates for BP should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.2% higher within the past month. BP currently has a Zacks Rank of #3 (Hold).
Investors should also note BP's current valuation metrics, including its Forward P/E ratio of 5.24. Its industry sports an average Forward P/E of 5.24, so we one might conclude that BP is trading at a no noticeable deviation comparatively.
We can also see that BP currently has a PEG ratio of 0.79. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Oil and Gas - Integrated - International stocks are, on average, holding a PEG ratio of 0.63 based on yesterday's closing prices.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 43, putting it in the top 18% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.