BP (LON:BP) closed at $38.41 in the latest trading session, marking a -0.65% move from the prior day. This change was narrower than the S&P 500's daily loss of 2.08%. Meanwhile, the Dow lost 2.11%, and the Nasdaq, a tech-heavy index, lost 2.27%.
Heading into today, shares of the oil and gas company had lost 6.07% over the past month, lagging the Oils-Energy sector's loss of 5.16% and the S&P 500's loss of 3.6% 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. On that day, BP is projected to report earnings of $0.75 per share, which would represent year-over-year growth of 17.19%.
BP's full-year Zacks Consensus Estimates are calling for earnings of $3.62 per share and revenue of $294.63 billion. These results would represent year-over-year changes of +92.55% and +20.46%, respectively.
Investors should also note any recent changes to analyst estimates for BP. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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. Within the past 30 days, our consensus EPS projection has moved 0.28% higher. BP is currently a Zacks Rank #3 (Hold).
Digging into valuation, BP currently has a Forward P/E ratio of 10.68. Its industry sports an average Forward P/E of 10.1, so we one might conclude that BP is trading at a premium comparatively.
Investors should also note that BP has a PEG ratio of 1.03 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. Oil and Gas - Integrated - International stocks are, on average, holding a PEG ratio of 1.03 based on yesterday's closing prices.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 175, putting it in the bottom 32% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
BP p.l.c. (BP): Free Stock Analysis Report
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