BP (BP) Outperforms Broader Market: What You Need to Know

Company Performance - BP is projected to report earnings of $1.22 per share, representing year-over-year growth of 37.08$63.26 billion, reflecting a 27.86% rise from the equivalent quarter last year [1] - For the full year, analysts expect earnings of $4.80 per share and revenue of$241.74 billion, marking changes of +0.42% and +13.48% respectively from last year [10] Valuation Metrics - BP has a PEG ratio of 1.83, compared to the industry average PEG ratio of 1.78 [3] - The company is currently trading at a Forward P/E ratio of 7.32, which is a premium compared to the industry average Forward P/E of 6.92 [7] Stock Performance - BP shares experienced a loss of 5.77% over the previous month, outperforming the Oils-Energy sector's loss of 5.99% but underperforming the S&P 500's gain of 3.34% [5] - In the latest trading session, BP ended at $35.39, reflecting a +0.8% adjustment from the previous day's close, outperforming the S&P 500's daily gain of 0.25% [9] Analyst Sentiment - Recent shifts in analyst projections for BP indicate changing near-term business trends, with positive estimate revisions reflecting analyst optimism about the company's business and profitability [6] - The Zacks Rank system currently rates BP as 3 (Hold), with a recent upward shift of 0.3% in the consensus EPS estimate over the past month [11] Industry Context - The Oil and Gas - Integrated - International industry has a Zacks Industry Rank of 82, placing it in the top 33% of all 250+ industries [12] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]