In the latest close session, BP (BP) was up +2% at $41.90. The stock's performance was ahead of the S&P 500's daily loss of 1.01%. Elsewhere, the Dow saw a downswing of 0.77%, while the tech-heavy Nasdaq depreciated by 1.4%.
Prior to today's trading, shares of the oil and gas company had gained 5.06% outpaced the Oils-Energy sector's gain of 1.22% and the S&P 500's gain of 0.32%.
Market participants will be closely following the financial results of BP in its upcoming release. The company plans to announce its earnings on August 4, 2026. The company is forecasted to report an EPS of $1.3, showcasing a 44.44% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $65.17 billion, up 36.7% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.27 per share and a revenue of $224.01 billion, signifying shifts of +82.99% and +16.34%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for BP. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 5.97% decrease. BP presently features a Zacks Rank of #3 (Hold).
In terms of valuation, BP is currently trading at a Forward P/E ratio of 7.79. For comparison, its industry has an average Forward P/E of 7.99, which means BP is trading at a discount to the group.
We can additionally observe that BP currently boasts a PEG ratio of 0.75. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Oil and Gas - Integrated - International stocks are, on average, holding a PEG ratio of 0.62 based on yesterday's closing prices.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 231, positioning it in the bottom 7% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.
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BP p.l.c. (BP): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).