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BP (BP) Gains But Lags Market: What You Should Know
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In the latest trading session, BP (BP - Free Report) closed at $44.70, marking a +0.45% move from the previous day. This move lagged the S&P 500's daily gain of 2.15%. At the same time, the Dow added 2.17%, and the tech-heavy Nasdaq gained 2.89%.
Coming into today, shares of the oil and gas company had gained 2.91% in the past month. In that same time, the Oils-Energy sector gained 0.41%, while the S&P 500 lost 5.16%.
BP will be looking to display strength as it nears its next earnings release, which is expected to be October 30, 2018. On that day, BP is projected to report earnings of $0.85 per share, which would represent year-over-year growth of 49.12%.
BP's full-year Zacks Consensus Estimates are calling for earnings of $3.41 per share and revenue of $294.63 billion. These results would represent year-over-year changes of +81.38% and +20.46%, respectively.
It is also important to note the recent changes to analyst estimates for BP. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.1% higher within the past month. BP is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note BP's current valuation metrics, including its Forward P/E ratio of 13.07. Its industry sports an average Forward P/E of 11.42, so we one might conclude that BP is trading at a premium comparatively.
We can also see that BP currently has a PEG ratio of 3.27. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Integrated - International was holding an average PEG ratio of 1.15 at yesterday's closing price.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 76, putting it in the top 30% 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.
To follow BP in the coming trading sessions, be sure to utilize Zacks.com.
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BP (BP) Gains But Lags Market: What You Should Know
In the latest trading session, BP (BP - Free Report) closed at $44.70, marking a +0.45% move from the previous day. This move lagged the S&P 500's daily gain of 2.15%. At the same time, the Dow added 2.17%, and the tech-heavy Nasdaq gained 2.89%.
Coming into today, shares of the oil and gas company had gained 2.91% in the past month. In that same time, the Oils-Energy sector gained 0.41%, while the S&P 500 lost 5.16%.
BP will be looking to display strength as it nears its next earnings release, which is expected to be October 30, 2018. On that day, BP is projected to report earnings of $0.85 per share, which would represent year-over-year growth of 49.12%.
BP's full-year Zacks Consensus Estimates are calling for earnings of $3.41 per share and revenue of $294.63 billion. These results would represent year-over-year changes of +81.38% and +20.46%, respectively.
It is also important to note the recent changes to analyst estimates for BP. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.1% higher within the past month. BP is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note BP's current valuation metrics, including its Forward P/E ratio of 13.07. Its industry sports an average Forward P/E of 11.42, so we one might conclude that BP is trading at a premium comparatively.
We can also see that BP currently has a PEG ratio of 3.27. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Integrated - International was holding an average PEG ratio of 1.15 at yesterday's closing price.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 76, putting it in the top 30% 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.
To follow BP in the coming trading sessions, be sure to utilize Zacks.com.