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BP (BP - Free Report) closed at $31.77 in the latest trading session, marking a -1.12% move from the prior day. This move was narrower than the S&P 500's daily loss of 4.32%. Meanwhile, the Dow lost 3.94%, and the Nasdaq, a tech-heavy index, lost 0.36%.
Prior to today's trading, shares of the oil and gas company had gained 3.78% over the past month. This has outpaced the Oils-Energy sector's gain of 2.43% and the S&P 500's loss of 3.75% in that time.
BP will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.11, up 113.13% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $59.46 billion, up 57.01% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $8.26 per share and revenue of $240.78 billion. These totals would mark changes of +116.23% and +46.64%, respectively, from last year.
Any recent changes to analyst estimates for BP should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. 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.
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 remained stagnant. BP is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that BP has a Forward P/E ratio of 3.89 right now. This represents a discount compared to its industry's average Forward P/E of 4.25.
We can also see that BP currently has a PEG ratio of 0.68. 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 0.39 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 38, which puts it in the top 16% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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) Stock Moves -1.12%: What You Should Know
BP (BP - Free Report) closed at $31.77 in the latest trading session, marking a -1.12% move from the prior day. This move was narrower than the S&P 500's daily loss of 4.32%. Meanwhile, the Dow lost 3.94%, and the Nasdaq, a tech-heavy index, lost 0.36%.
Prior to today's trading, shares of the oil and gas company had gained 3.78% over the past month. This has outpaced the Oils-Energy sector's gain of 2.43% and the S&P 500's loss of 3.75% in that time.
BP will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.11, up 113.13% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $59.46 billion, up 57.01% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $8.26 per share and revenue of $240.78 billion. These totals would mark changes of +116.23% and +46.64%, respectively, from last year.
Any recent changes to analyst estimates for BP should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. 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.
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 remained stagnant. BP is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that BP has a Forward P/E ratio of 3.89 right now. This represents a discount compared to its industry's average Forward P/E of 4.25.
We can also see that BP currently has a PEG ratio of 0.68. 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 0.39 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 38, which puts it in the top 16% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.