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BP (BP - Free Report) ended the recent trading session at $45.86, demonstrating a +2.8% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.28%. At the same time, the Dow lost 0.44%, and the tech-heavy Nasdaq lost 0.28%.
Shares of the oil and gas company witnessed a gain of 15.78% over the previous month, beating the performance of the Oils-Energy sector with its gain of 8.87%, and the S&P 500's loss of 3.59%.
Market participants will be closely following the financial results of BP in its upcoming release. On that day, BP is projected to report earnings of $0.68 per share, which would represent year-over-year growth of 28.3%. Our most recent consensus estimate is calling for quarterly revenue of $57.23 billion, up 19.54% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.02 per share and a revenue of $241.41 billion, representing changes of +4.86% and +25.37%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for BP. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Within the past 30 days, our consensus EPS projection has moved 16.55% higher. BP is currently sporting a Zacks Rank of #3 (Hold).
From a valuation perspective, BP is currently exchanging hands at a Forward P/E ratio of 14.79. This indicates a premium in contrast to its industry's Forward P/E of 12.04.
It is also worth noting that BP currently has a PEG ratio of 1.47. 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 - Integrated - International industry currently had an average PEG ratio of 1.14 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 52, this industry ranks in the top 22% of all industries, numbering over 250.
The Zacks Industry Rank is ordered 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.
To follow BP in the coming trading sessions, be sure to utilize Zacks.com.
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BP (BP) Rises As Market Takes a Dip: Key Facts
BP (BP - Free Report) ended the recent trading session at $45.86, demonstrating a +2.8% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.28%. At the same time, the Dow lost 0.44%, and the tech-heavy Nasdaq lost 0.28%.
Shares of the oil and gas company witnessed a gain of 15.78% over the previous month, beating the performance of the Oils-Energy sector with its gain of 8.87%, and the S&P 500's loss of 3.59%.
Market participants will be closely following the financial results of BP in its upcoming release. On that day, BP is projected to report earnings of $0.68 per share, which would represent year-over-year growth of 28.3%. Our most recent consensus estimate is calling for quarterly revenue of $57.23 billion, up 19.54% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.02 per share and a revenue of $241.41 billion, representing changes of +4.86% and +25.37%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for BP. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Within the past 30 days, our consensus EPS projection has moved 16.55% higher. BP is currently sporting a Zacks Rank of #3 (Hold).
From a valuation perspective, BP is currently exchanging hands at a Forward P/E ratio of 14.79. This indicates a premium in contrast to its industry's Forward P/E of 12.04.
It is also worth noting that BP currently has a PEG ratio of 1.47. 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 - Integrated - International industry currently had an average PEG ratio of 1.14 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 52, this industry ranks in the top 22% of all industries, numbering over 250.
The Zacks Industry Rank is ordered 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.
To follow BP in the coming trading sessions, be sure to utilize Zacks.com.