BP (BP) ended the recent trading session at $46.73, demonstrating a +1.04% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.06%. At the same time, the Dow added 0.38%, and the tech-heavy Nasdaq lost 0.44%.
The oil and gas company's stock has climbed by 0.33% in the past month, falling short of the Oils-Energy sector's gain of 1.73% and the S&P 500's gain of 2.36%.
The investment community will be paying close attention to the earnings performance of BP in its upcoming release. The company is slated to reveal its earnings on October 30, 2026. The company is expected to report EPS of $1.91, up 124.71% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $64.13 billion, up 30.22% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $7.28 per share and a revenue of $248.25 billion, demonstrating changes of +152.78% and +28.93%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for BP. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 last 30 days, the Zacks Consensus EPS estimate has moved 10.58% higher. Currently, BP is carrying a Zacks Rank of #1 (Strong Buy).
In terms of valuation, BP is currently trading at a Forward P/E ratio of 6.35. This indicates a discount in contrast to its industry's Forward P/E of 7.92.
We can additionally observe that BP currently boasts a PEG ratio of 0.48. 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 0.63 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 36, placing it within the top 15% of over 250 industries.
The Zacks Industry Rank is ordered 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
This article originally published on Zacks Investment Research (zacks.com).