In the latest trading session, BP (BP) closed at $44.53, marking a +0.13% move from the previous day. This change outpaced the S&P 500's 0.29% loss on the day. Elsewhere, the Dow lost 0.55%, while the tech-heavy Nasdaq added 0.07%.
Heading into today, shares of the oil and gas company had gained 4.93% over the past month, outpacing the Oils-Energy sector's gain of 1.29% and the S&P 500's gain of 2.14% in that time.
Wall Street will be looking for positivity from BP as it approaches its next earnings report date. On that day, BP is projected to report earnings of $0.67 per share, which would represent a year-over-year decline of 14.1%. Our most recent consensus estimate is calling for quarterly revenue of $53.02 billion, down 23.33% from the year-ago period.
BP's full-year Zacks Consensus Estimates are calling for earnings of $3.19 per share and revenue of $253.65 billion. These results would represent year-over-year changes of -16.05% and -16.49%, respectively.
Investors might also notice recent changes to analyst estimates for BP. These recent revisions tend to reflect the evolving nature of short-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. 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.
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. The Zacks Consensus EPS estimate has moved 1.31% higher within the past month. BP is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note BP's current valuation metrics, including its Forward P/E ratio of 13.95. This valuation marks a premium compared to its industry's average Forward P/E of 12.22.
Meanwhile, BP's PEG ratio is currently 1.97. 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. BP's industry had an average PEG ratio of 1.38 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 150, putting it in the bottom 42% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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BP p.l.c. (BP) : Free Stock Analysis Report
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