In the latest trading session, BP (BP) closed at $38.55, marking a -1.68% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.81%. Elsewhere, the Dow gained 0.27%, while the tech-heavy Nasdaq added 1.3%.
Shares of the oil and gas company have depreciated by 8.71% over the course of the past month, underperforming the Oils-Energy sector's loss of 3.61%, and the S&P 500's gain of 1.13%.
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's upcoming EPS is projected at $1.3, signifying a 44.44% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $65.17 billion, indicating a 36.7% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.41 per share and revenue of $224.01 billion. These totals would mark changes of +87.85% and +16.34%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for BP. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 past month, there's been a 0.85% rise in the Zacks Consensus EPS estimate. As of now, BP holds a Zacks Rank of #3 (Hold).
Looking at its valuation, BP is holding a Forward P/E ratio of 7.25. This represents a discount compared to its industry average Forward P/E of 7.49.
Meanwhile, BP's PEG ratio is currently 0.69. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. BP's industry had an average PEG ratio of 0.61 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 201, putting it in the bottom 19% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next 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).