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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 $50.53, marking a -1.54% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.7%. Meanwhile, the Dow gained 0.28%, and the Nasdaq, a tech-heavy index, added 0.83%.
Shares of the oil and gas company witnessed a gain of 16.24% over the previous month, beating the performance of the Oils-Energy sector with its gain of 5.63%, and the S&P 500's loss of 1.21%.
Market participants will be closely following the financial results of BP in its upcoming release. The company plans to announce its earnings on October 30, 2026. It is anticipated that the company will report an EPS of $2.66, marking a 212.94% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $66.19 billion, reflecting a 34.41% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $8.08 per share and revenue of $250.39 billion, which would represent changes of +180.56% and +30.04%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for BP. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 19.96% increase. BP is currently a Zacks Rank #1 (Strong Buy).
In terms of valuation, BP is currently trading at a Forward P/E ratio of 6.35. Its industry sports an average Forward P/E of 7.69, so one might conclude that BP is trading at a discount comparatively.
It's also important to note that BP currently trades at a PEG ratio of 0.47. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Oil and Gas - Integrated - International industry currently had an average PEG ratio of 0.7 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 16, this industry ranks in the top 7% of all industries, numbering over 250.
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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next 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 $50.53, marking a -1.54% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.7%. Meanwhile, the Dow gained 0.28%, and the Nasdaq, a tech-heavy index, added 0.83%.
Shares of the oil and gas company witnessed a gain of 16.24% over the previous month, beating the performance of the Oils-Energy sector with its gain of 5.63%, and the S&P 500's loss of 1.21%.
Market participants will be closely following the financial results of BP in its upcoming release. The company plans to announce its earnings on October 30, 2026. It is anticipated that the company will report an EPS of $2.66, marking a 212.94% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $66.19 billion, reflecting a 34.41% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $8.08 per share and revenue of $250.39 billion, which would represent changes of +180.56% and +30.04%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for BP. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 19.96% increase. BP is currently a Zacks Rank #1 (Strong Buy).
In terms of valuation, BP is currently trading at a Forward P/E ratio of 6.35. Its industry sports an average Forward P/E of 7.69, so one might conclude that BP is trading at a discount comparatively.
It's also important to note that BP currently trades at a PEG ratio of 0.47. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Oil and Gas - Integrated - International industry currently had an average PEG ratio of 0.7 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 16, this industry ranks in the top 7% of all industries, numbering over 250.
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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.