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BP (BP) closed at $23.38 in the latest trading session, marking a +0.21% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.05%. Meanwhile, the Dow gained 0.17%, and the Nasdaq, a tech-heavy index, lost 0.01%.
Prior to today's trading, shares of the oil and gas company had lost 3.95% over the past month. This has lagged the Oils-Energy sector's gain of 29.03% and the S&P 500's gain of 21.82% in that time.
BP will be looking to display strength as it nears its next earnings release, which is expected to be April 28, 2020. The company is expected to report EPS of $0.25, down 64.29% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $64.43 billion, down 4.42% from the year-ago period.
BP's full-year Zacks Consensus Estimates are calling for earnings of $0.23 per share and revenue of $200.27 billion. These results would represent year-over-year changes of -92.2% and -29.14%, respectively.
It is also important to note the recent changes to analyst estimates for BP. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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 81.69% lower. BP is currently a Zacks Rank #3 (Hold).
Looking at its valuation, BP is holding a Forward P/E ratio of 100.71. For comparison, its industry has an average Forward P/E of 37.36, which means BP is trading at a premium to the group.
Meanwhile, BP's PEG ratio is currently 67.14. 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. The Oil and Gas - Integrated - International was holding an average PEG ratio of 4.6 at yesterday's closing price.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 208, putting it in the bottom 19% 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 p.l.c. (BP) : Free Stock Analysis Report
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