In the latest trading session, BP (BP) closed at $46.96, marking a +2.24% move from the previous day. The stock outpaced the S&P 500’s daily loss of 0.45%. At the same time, the Dow lost 0.63%, and the tech-heavy Nasdaq lost 0.78%.
Coming into today, shares of the oil and gas company had gained 7.19% in the past month. In that same time, the Oils-Energy sector gained 2%, while the S&P 500 lost 1.99%.
Analysts and investors alike will be keeping a close eye on the performance of BP in its upcoming earnings disclosure. The company’s earnings report is set to go public on October 30, 2026. In that report, analysts expect BP to post earnings of $1.7 per share. This would mark year-over-year growth of 100%. At the same time, our most recent consensus estimate is projecting a revenue of $63.9 billion, reflecting a 29.76% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $6.58 per share and a revenue of $232.88 billion, demonstrating changes of +128.47% and +20.95%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for BP. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts’ positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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 8.94% rise in the Zacks Consensus EPS estimate. BP presently features a Zacks Rank of #1 (Strong Buy).
Digging into valuation, BP currently has a Forward P/E ratio of 6.98. This represents a discount compared to its industry average Forward P/E of 8.9.
It’s also important to note that BP currently trades at a PEG ratio of 0.54. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company’s projected earnings growth. As the market closed yesterday, the Oil and Gas – Integrated – International industry was having an average PEG ratio of 0.68.
The Oil and Gas – Integrated – International industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 69, this industry ranks in the top 29% of all industries, numbering over 250.
