ConocoPhillips (COP) ended the recent trading session at $118.79, demonstrating a -3.91% change from the preceding day's closing price. This change lagged the S&P 500's daily gain of 1.18%. Meanwhile, the Dow gained 0.66%, and the Nasdaq, a tech-heavy index, added 1.96%.
Prior to today's trading, shares of the energy company had gained 1.9% lagged the Oils-Energy sector's gain of 2.34% and the S&P 500's gain of 3.93%.
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 April 30, 2026. The company's earnings per share (EPS) are projected to be $1.57, reflecting a 24.88% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $14.43 billion, down 15.63% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $7.24 per share and revenue of $58.95 billion. These totals would mark changes of +17.53% and -4.22%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for ConocoPhillips. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 54.59% rise in the Zacks Consensus EPS estimate. Right now, ConocoPhillips possesses a Zacks Rank of #1 (Strong Buy).
In terms of valuation, ConocoPhillips is presently being traded at a Forward P/E ratio of 17.07. For comparison, its industry has an average Forward P/E of 19.26, which means ConocoPhillips is trading at a discount to the group.
Also, we should mention that COP has a PEG ratio of 2.39. 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 the market closed yesterday, the Oil and Gas - Integrated - United States industry was having an average PEG ratio of 2.57.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 71, which puts it in the top 30% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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).