BP (BP) ended the recent trading session at $49.44, demonstrating a -1.53% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.41% for the day. Elsewhere, the Dow lost 0.07%, while the tech-heavy Nasdaq added 1.11%.
The oil and gas company's stock has climbed by 12.63% in the past month, exceeding the Oils-Energy sector's gain of 4.85% and the S&P 500's gain of 1.46%.
Market participants will be closely following the financial results of BP in its upcoming release. The company plans to announce its earnings on October 30, 2026. On that day, BP is projected to report earnings of $2.09 per share, which would represent year-over-year growth of 145.88%. Our most recent consensus estimate is calling for quarterly revenue of $64.13 billion, up 30.22% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $7.73 per share and a revenue of $248.25 billion, demonstrating changes of +168.4% and +28.93%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for BP. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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.
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 past month, there's been a 17.39% rise in the Zacks Consensus EPS estimate. As of now, BP holds a Zacks Rank of #1 (Strong Buy).
With respect to valuation, BP is currently being traded at a Forward P/E ratio of 6.5. For comparison, its industry has an average Forward P/E of 7.84, which means BP is trading at a discount to the group.
We can also see that BP currently has a PEG ratio of 0.48. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Oil and Gas - Integrated - International stocks are, on average, holding a PEG ratio of 0.68 based on yesterday's closing prices.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 20, finds itself in the top 9% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming 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).