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BP (BP) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, BP (BP - Free Report) closed at $45.41, marking a +1.38% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.54%. Elsewhere, the Dow gained 0.66%, while the tech-heavy Nasdaq added 0.77%.
The oil and gas company's stock has climbed by 16.94% in the past month, exceeding the Oils-Energy sector's gain of 9.9% and the S&P 500's loss of 4.71%.
The investment community will be closely monitoring the performance of BP in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.68, marking a 28.3% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales 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 $2.99 per share and a revenue of $241.41 billion, representing changes of +3.82% and +25.37%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for BP. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the past month, the Zacks Consensus EPS estimate has moved 13.77% higher. BP presently features a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that BP has a Forward P/E ratio of 15.01 right now. This represents a premium compared to its industry average Forward P/E of 11.93.
It is also worth noting that BP currently has a PEG ratio of 1.49. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Oil and Gas - Integrated - International stocks are, on average, holding a PEG ratio of 1.2 based on yesterday's closing prices.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 53, which puts it in the top 22% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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BP (BP) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, BP (BP - Free Report) closed at $45.41, marking a +1.38% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.54%. Elsewhere, the Dow gained 0.66%, while the tech-heavy Nasdaq added 0.77%.
The oil and gas company's stock has climbed by 16.94% in the past month, exceeding the Oils-Energy sector's gain of 9.9% and the S&P 500's loss of 4.71%.
The investment community will be closely monitoring the performance of BP in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.68, marking a 28.3% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales 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 $2.99 per share and a revenue of $241.41 billion, representing changes of +3.82% and +25.37%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for BP. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the past month, the Zacks Consensus EPS estimate has moved 13.77% higher. BP presently features a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that BP has a Forward P/E ratio of 15.01 right now. This represents a premium compared to its industry average Forward P/E of 11.93.
It is also worth noting that BP currently has a PEG ratio of 1.49. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Oil and Gas - Integrated - International stocks are, on average, holding a PEG ratio of 1.2 based on yesterday's closing prices.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 53, which puts it in the top 22% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.