In the latest trading session, BP (BP) closed at $44.67, marking no change from the previous day. This change was narrower than the S&P 500's daily loss of 0.06%. At the same time, the Dow lost 0.1%, and the tech-heavy Nasdaq lost 0.1%.
Heading into today, shares of the oil and gas company had gained 1.64% over the past month, lagging the Oils-Energy sector's gain of 2.69% and the S&P 500's gain of 4.3% in that time.
Investors will be hoping for strength from BP as it approaches its next earnings release, which is expected to be April 30, 2019. On that day, BP is projected to report earnings of $0.68 per share, which would represent a year-over-year decline of 12.82%. Meanwhile, our latest consensus estimate is calling for revenue of $54.22 billion, down 21.58% from the prior-year quarter.
BP's full-year Zacks Consensus Estimates are calling for earnings of $3.18 per share and revenue of $261.42 billion. These results would represent year-over-year changes of -16.32% and -13.93%, respectively.
Any recent changes to analyst estimates for BP should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.47% higher. BP is currently a Zacks Rank #3 (Hold).
In terms of valuation, BP is currently trading at a Forward P/E ratio of 14.05. This valuation marks a premium compared to its industry's average Forward P/E of 11.63.
Investors should also note that BP has a PEG ratio of 1.98 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 1.45 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 62, putting it in the top 25% 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.
Is your investment advisor fumbling your financial future?
See how you can more effectively safeguard your retirement with a new Special Report, “4 Warning Signs Your Investment Advisor Might Be Sabotaging Your Financial Future.” Click to get your free report.
BP p.l.c. (BP) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research