BP (BP - Free Report) closed the most recent trading day at $37.73, moving -0.87% from the previous trading session. This move lagged the S&P 500's daily gain of 0.86%. At the same time, the Dow added 1.14%, and the tech-heavy Nasdaq gained 0.38%.
Prior to today's trading, shares of the oil and gas company had lost 6.81% over the past month. This has was narrower than the Oils-Energy sector's loss of 9.09% and the S&P 500's loss of 7.55% in that time.
BP will be looking to display strength as it nears its next earnings release, which is expected to be February 5, 2019. In that report, analysts expect BP to post earnings of $0.78 per share. This would mark year-over-year growth of 21.88%. Our most recent consensus estimate is calling for quarterly revenue of $61.52 billion, down 12.15% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.62 per share and revenue of $291.50 billion, which would represent changes of +92.55% and +19.18%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for BP. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 0.39% lower. BP currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, BP is holding a Forward P/E ratio of 10.51. This valuation marks a premium compared to its industry's average Forward P/E of 9.7.
Also, we should mention that BP has a PEG ratio of 1.02. 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. BP's industry had an average PEG ratio of 1.08 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 183, putting it in the bottom 29% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.