BP (BP) ended the recent trading session at $39.21, demonstrating a +1.55% change from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 0.28%. On the other hand, the Dow registered a loss of 1.09%, and the technology-centric Nasdaq increased by 0.2%.
The oil and gas company's stock has dropped by 9.51% in the past month, falling short of the Oils-Energy sector's loss of 4.3% and the S&P 500's gain of 1.64%.
The investment community will be closely monitoring the performance of BP in its forthcoming earnings report. The company is scheduled to release 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. In the meantime, our current consensus estimate forecasts the revenue to be $65.17 billion, indicating a 36.7% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.46 per share and a revenue of $224.01 billion, indicating changes of +89.58% and +16.34%, respectively, from the former 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. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.71% upward. As of now, BP holds a Zacks Rank of #3 (Hold).
In the context of valuation, BP is at present trading with a Forward P/E ratio of 7.08. This denotes a discount relative to the industry average Forward P/E of 7.43.
It's also important to note that BP currently trades at a PEG ratio of 0.67. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. BP's industry had an average PEG ratio of 0.6 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 191, this industry ranks in the bottom 23% of all industries, numbering over 250.
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.
To follow BP in the coming trading sessions, be sure to utilize 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).