In the latest trading session, BP (BP - Free Report) closed at $39.21, marking a +0.38% move from the previous day. This move outpaced the S&P 500's daily gain of 0.19%. Elsewhere, the Dow lost 0.11%, while the tech-heavy Nasdaq added 0.81%.
Heading into today, shares of the oil and gas company had gained 2.33% over the past month, outpacing the Oils-Energy sector's loss of 1.68% and the S&P 500's gain of 0.56% in that time.
Wall Street will be looking for positivity from BP as it approaches its next earnings report date. This is expected to be October 29, 2019. In that report, analysts expect BP to post earnings of $0.53 per share. This would mark a year-over-year decline of 53.91%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $78.86 billion, down 2.41% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.93 per share and revenue of $287.80 billion. These totals would mark changes of -22.89% and -5.25%, respectively, from last year.
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. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 past month, the Zacks Consensus EPS estimate has moved 4.72% lower. BP currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that BP has a Forward P/E ratio of 13.33 right now. Its industry sports an average Forward P/E of 13.45, so we one might conclude that BP is trading at a discount comparatively.
Investors should also note that BP has a PEG ratio of 1.42 right now. 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. The Oil and Gas - Integrated - International industry currently had an average PEG ratio of 1.97 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 173, putting it in the bottom 33% 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.