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BP (BP) Gains As Market Dips: What You Should Know
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BP (BP - Free Report) closed the most recent trading day at $42.16, moving +1.44% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 1.52%. On the other hand, the Dow registered a loss of 1.56%, and the technology-centric Nasdaq decreased by 1.78%.
Coming into today, shares of the oil and gas company had gained 7.81% in the past month. In that same time, the Oils-Energy sector gained 5.1%, while the S&P 500 lost 2.25%.
Market participants will be closely following the financial results of BP in its upcoming release. The company's upcoming EPS is projected at $0.64, signifying a 20.75% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $57.23 billion, indicating a 19.54% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.66 per share and revenue of $241.41 billion. These totals would mark changes of -7.64% and +25.37%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for BP. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 3.31% higher within the past month. At present, BP boasts a Zacks Rank of #3 (Hold).
In terms of valuation, BP is presently being traded at a Forward P/E ratio of 15.64. This indicates a premium in contrast to its industry's Forward P/E of 13.51.
It is also worth noting that BP currently has a PEG ratio of 1.91. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Oil and Gas - Integrated - International stocks are, on average, holding a PEG ratio of 1.58 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 86, putting it in the top 36% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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 As Market Dips: What You Should Know
BP (BP - Free Report) closed the most recent trading day at $42.16, moving +1.44% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 1.52%. On the other hand, the Dow registered a loss of 1.56%, and the technology-centric Nasdaq decreased by 1.78%.
Coming into today, shares of the oil and gas company had gained 7.81% in the past month. In that same time, the Oils-Energy sector gained 5.1%, while the S&P 500 lost 2.25%.
Market participants will be closely following the financial results of BP in its upcoming release. The company's upcoming EPS is projected at $0.64, signifying a 20.75% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $57.23 billion, indicating a 19.54% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.66 per share and revenue of $241.41 billion. These totals would mark changes of -7.64% and +25.37%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for BP. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 3.31% higher within the past month. At present, BP boasts a Zacks Rank of #3 (Hold).
In terms of valuation, BP is presently being traded at a Forward P/E ratio of 15.64. This indicates a premium in contrast to its industry's Forward P/E of 13.51.
It is also worth noting that BP currently has a PEG ratio of 1.91. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Oil and Gas - Integrated - International stocks are, on average, holding a PEG ratio of 1.58 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 86, putting it in the top 36% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.