Here's Why BP (BP) Gained But Lagged the Market Today

In the latest trading session, BP (BP) closed at $28.75, marking a +0.52% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.73% for the day. Meanwhile, the Dow gained 0.16%, and the Nasdaq, a tech-heavy index, added 0.98%.The oil and gas company's shares have seen a decrease of 3.77% over the last month, surpassing the Oils-Energy sector's loss of 9.2% and falling behind the S&P 500's gain of 0.34%.Investors will be eagerly watching for the performance of BP in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.65, showcasing a 39.25% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $57.53 billion, indicating a 9.41% increase compared to the same quarter of the previous year.Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3.51 per share and revenue of $204.07 billion, indicating changes of -26.57% and -4.21%, respectively, compared to the previous year.Investors should also pay attention to any latest changes in 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 company's business performance and profit potential.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.82% lower. BP presently features a Zacks Rank of #4 (Sell).With respect to valuation, BP is currently being traded at a Forward P/E ratio of 8.14. For comparison, its industry has an average Forward P/E of 7.65, which means BP is trading at a premium to the group.Meanwhile, BP's PEG ratio is currently 2.03. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Integrated - International industry had an average PEG ratio of 2.03 as trading concluded yesterday.The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 73, this industry ranks in the top 30% 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.You can find more information on all of these metrics, and much more, on Zacks.com.Zacks Naming Top 10 Stocks for 2025Want to be tipped off early to our 10 top picks for the entirety of 2025?History suggests their performance could be sensational.From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2025. Don’t miss your chance to get in on these stocks when they’re released on January 2.Be First to New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BP p.l.c. (BP): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks