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BP (BP) Gains But Lags Market: What You Should Know
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BP (BP - Free Report) closed the most recent trading day at $40.84, moving +1.29% from the previous trading session. The stock lagged the S&P 500's daily gain of 2.3%. Meanwhile, the Dow gained 2.5%, and the Nasdaq, a tech-heavy index, added 2.95%.
Coming into today, shares of the oil and gas company had lost 4.48% in the past month. In that same time, the Oils-Energy sector lost 4.67%, while the S&P 500 gained 1.21%.
Investors will be hoping for strength from BP as it approaches its next earnings release, which is expected to be February 5, 2019. In that report, analysts expect BP to post earnings of $0.81 per share. This would mark year-over-year growth of 26.56%.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.63 per share and revenue of $294.63 billion. These totals would mark changes of +93.09% and +20.46%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for BP. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Over the past month, the Zacks Consensus EPS estimate has moved 6.83% higher. BP currently has a Zacks Rank of #3 (Hold).
Digging into valuation, BP currently has a Forward P/E ratio of 11.1. This represents a premium compared to its industry's average Forward P/E of 10.13.
Investors should also note that BP has a PEG ratio of 0.62 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. BP's industry had an average PEG ratio of 1.09 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 35, putting it in the top 14% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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BP (BP) Gains But Lags Market: What You Should Know
BP (BP - Free Report) closed the most recent trading day at $40.84, moving +1.29% from the previous trading session. The stock lagged the S&P 500's daily gain of 2.3%. Meanwhile, the Dow gained 2.5%, and the Nasdaq, a tech-heavy index, added 2.95%.
Coming into today, shares of the oil and gas company had lost 4.48% in the past month. In that same time, the Oils-Energy sector lost 4.67%, while the S&P 500 gained 1.21%.
Investors will be hoping for strength from BP as it approaches its next earnings release, which is expected to be February 5, 2019. In that report, analysts expect BP to post earnings of $0.81 per share. This would mark year-over-year growth of 26.56%.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.63 per share and revenue of $294.63 billion. These totals would mark changes of +93.09% and +20.46%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for BP. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Over the past month, the Zacks Consensus EPS estimate has moved 6.83% higher. BP currently has a Zacks Rank of #3 (Hold).
Digging into valuation, BP currently has a Forward P/E ratio of 11.1. This represents a premium compared to its industry's average Forward P/E of 10.13.
Investors should also note that BP has a PEG ratio of 0.62 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. BP's industry had an average PEG ratio of 1.09 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 35, putting it in the top 14% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.