BP (BP - Free Report) closed at $39.37 in the latest trading session, marking a -0.35% move from the prior day. This change lagged the S&P 500's 0.18% gain on the day. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq gained 0.74%.
Coming into today, shares of the oil and gas company had lost 4.26% in the past month. In that same time, the Oils-Energy sector lost 8.72%, while the S&P 500 lost 6.19%.
Wall Street will be looking for positivity from BP as it approaches its next earnings report date. This is expected to be February 5, 2019. The company is expected to report EPS of $0.75, up 17.19% from the prior-year quarter.
BP's full-year Zacks Consensus Estimates are calling for earnings of $3.61 per share and revenue of $294.63 billion. These results would represent year-over-year changes of +92.02% and +20.46%, respectively.
Investors might also notice recent changes to analyst estimates for BP. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Within the past 30 days, our consensus EPS projection has moved 0.33% higher. BP currently has a Zacks Rank of #3 (Hold).
In terms of valuation, BP is currently trading at a Forward P/E ratio of 10.94. This valuation marks a premium compared to its industry's average Forward P/E of 10.06.
Also, we should mention that BP has a PEG ratio of 0.35. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Oil and Gas - Integrated - International stocks are, on average, holding a PEG ratio of 1.08 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 56, which puts it in the top 22% of all 250+ industries.
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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.