ConocoPhillips (COP) closed the most recent trading day at $140.90, moving +2.43% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.02%. At the same time, the Dow lost 0.35%, and the tech-heavy Nasdaq lost 0.15%.
The stock of energy company has risen by 0.65% in the past month, lagging the Oils-Energy sector's gain of 3.04% and the S&P 500's gain of 2.05%.
Analysts and investors alike will be keeping a close eye on the performance of ConocoPhillips in its upcoming earnings disclosure. The company's earnings report is set to go public on November 5, 2026. The company is predicted to post an EPS of $2.69, indicating a 67.08% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $17.47 billion, up 12.52% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $10.84 per share and a revenue of $70.46 billion, demonstrating changes of +75.97% and +14.47%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for ConocoPhillips. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 2.76% higher within the past month. ConocoPhillips currently has a Zacks Rank of #1 (Strong Buy).
Investors should also note ConocoPhillips's current valuation metrics, including its Forward P/E ratio of 12.69. This indicates a discount in contrast to its industry's Forward P/E of 19.41.
We can additionally observe that COP currently boasts a PEG ratio of 1.41. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Oil and Gas - Integrated - United States industry held an average PEG ratio of 1.61.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 167, placing it within the bottom 33% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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ConocoPhillips (COP): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).