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BP (BP) Stock Slides as Market Rises: Facts to Know Before You Trade
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In the latest trading session, BP (BP - Free Report) closed at $43.16, marking a -3.19% move from the previous day. This move lagged the S&P 500's daily gain of 1.49%. Meanwhile, the Dow experienced a rise of 0.71%, and the technology-dominated Nasdaq saw an increase of 2.26%.
Coming into today, shares of the oil and gas company had lost 0.4% in the past month. In that same time, the Oils-Energy sector gained 0.51%, while the S&P 500 gained 0.1%.
Analysts and investors alike will be keeping a close eye on the performance of BP in its upcoming earnings disclosure. The company's earnings report is set to go public on October 30, 2026. The company's earnings per share (EPS) are projected to be $1.7, reflecting a 100% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $63.9 billion, indicating a 29.76% upward movement from the same quarter last year.
BP's full-year Zacks Consensus Estimates are calling for earnings of $6.61 per share and revenue of $232.88 billion. These results would represent year-over-year changes of +129.51% and +20.95%, respectively.
Investors might also notice recent changes to analyst estimates for BP. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 9.32% increase. BP is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, BP currently has a Forward P/E ratio of 6.75. For comparison, its industry has an average Forward P/E of 8.7, which means BP is trading at a discount to the group.
It's also important to note that BP currently trades at a PEG ratio of 0.52. 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 0.64 at yesterday's closing price.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 78, which puts it in the top 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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BP (BP) Stock Slides as Market Rises: Facts to Know Before You Trade
In the latest trading session, BP (BP - Free Report) closed at $43.16, marking a -3.19% move from the previous day. This move lagged the S&P 500's daily gain of 1.49%. Meanwhile, the Dow experienced a rise of 0.71%, and the technology-dominated Nasdaq saw an increase of 2.26%.
Coming into today, shares of the oil and gas company had lost 0.4% in the past month. In that same time, the Oils-Energy sector gained 0.51%, while the S&P 500 gained 0.1%.
Analysts and investors alike will be keeping a close eye on the performance of BP in its upcoming earnings disclosure. The company's earnings report is set to go public on October 30, 2026. The company's earnings per share (EPS) are projected to be $1.7, reflecting a 100% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $63.9 billion, indicating a 29.76% upward movement from the same quarter last year.
BP's full-year Zacks Consensus Estimates are calling for earnings of $6.61 per share and revenue of $232.88 billion. These results would represent year-over-year changes of +129.51% and +20.95%, respectively.
Investors might also notice recent changes to analyst estimates for BP. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 9.32% increase. BP is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, BP currently has a Forward P/E ratio of 6.75. For comparison, its industry has an average Forward P/E of 8.7, which means BP is trading at a discount to the group.
It's also important to note that BP currently trades at a PEG ratio of 0.52. 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 0.64 at yesterday's closing price.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 78, which puts it in the top 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.