Core Viewpoint - BP's stock has underperformed compared to the broader market and its industry, raising questions about its future performance [1] Earnings Estimate Revisions - BP is expected to report earnings of $0.79 per share for the current quarter, reflecting a year-over-year decline of -31.3% with a recent estimate change of -7.2% [2] - The consensus earnings estimate for the current fiscal year is $3.73, indicating a -22% change from the previous year, with a recent adjustment of -3% [3] - For the next fiscal year, the consensus estimate is $4.29, suggesting a +15% increase from the prior year, although it has changed by -5.1% recently [3] - BP is rated Zacks Rank 5 (Strong Sell) due to significant changes in earnings estimates and other related factors [3] Projected Revenue Growth - The consensus sales estimate for the current quarter is $63.56 billion, indicating a year-over-year increase of +17.7% [4] - For the current fiscal year, the revenue estimate is $224.55 billion, reflecting a +5.4% change, while the next fiscal year's estimate is $254.05 billion, indicating a +13.1% change [4] - BP reported revenues of $48.25 billion in the last quarter, a -2.5% year-over-year change, with an EPS of $1 compared to $0.89 a year ago [4] Valuation - BP is graded A in the Zacks Value Style Score, indicating it is trading at a discount compared to its peers [7] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether BP's stock is fairly valued [6] Conclusion - BP's Zacks Rank 5 suggests potential underperformance relative to the broader market in the near term [8]
Is Trending Stock BP p.l.c. (BP) a Buy Now?