Earnings from BP p.l.c. [BP] are scheduled on April 27, 2021, before the market opens. It is expected that the company will report strong earnings for the quarter ending Mar 2021.
BP Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn $0.38 per share on revenue of $58.92B. Taking a look at the future, the company is projected to report revenue of $64.05B at an earnings per share of $0.54 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 7.00% in revenue and 41.27% in earnings per share for the company.
BP Stock Earnings Forecast For The Current Year
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For the full financial year, BP p.l.c. [NYSE:BP] is forecasted to generate revenue of $248.49B. The figure is about $68.12 billion above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $1.92 in 2021, which is $3.6 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 214.30% this year, 41.10% next year, and -3.00% annually over the next five years. With regard to sales, forecasts suggest an incline of 37.80% in current fiscal year and 7.00% over following year.
BP Stock Price Performance
At the close of Monday’s session, BP p.l.c. [NYSE:BP] finished up 1.63% at $24.92. The stock’s highest single-day price was $24.96, and its lowest was $24.65. Its price fall -1.54% in the last five days. Since the beginning of the year, BP p.l.c.’s shares are up nearly 21.44%. However, the share price is -12.78% below its one year high. The top price reached by the shares of the company was $27.10 on 03/05/21, while the 52-week low came on 02/02/21, when the shares were $20.42. In the past year, shares of the company have risen 6.54%. At 50 days, the moving average achieved is $24.97 while at 200 days, the moving average is $21.72. There were 14.83 million shares traded in the last session, up from 14.76 million in the previous session.
BP p.l.c. [NYSE:BP] Stock Valuation Metrics
Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 0.47 PS value ratio is reported for the last one year of reported earnings. This is below the average return 1.13 for the industry, which means BP offers an attractive investment opportunity than its competitors do.
BP Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 24.92 level, and the violation of this level will cause a further drop to 24.73 level. At the upper end, 25.35 remains a key resistance. As the stock increases, it may find resistance at 25.15. In the 14-day chart, the Relative Strength Index standing at 50.38 suggests a technical neutral stance while the MACD standing at -0.30 indicates price will decrease in the next trading period. Stochastic %K at 26.23% suggests holding the stock while Percent R indicator at 55.02% suggests low price movement.
How much is the short interest in BP p.l.c.?
There have been a drop in short interest in the BP p.l.c. Financial stock, with short interest down by -0.42 million shares to 12.11 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 11.69 million shares. This 3.47% increase suggests some bearish sentiment was experienced by the stock.
How do analysts view BP p.l.c.?
In regard to the share price forecast for BP p.l.c. stock, the analysts, as surveyed by FactSet, forecast the price to reach $29.24 in the next twelve months, representing almost an 14.77% growth from its recent price of $24.92. Among BP p.l.c. stock projections, $40.71 is the highest analyst target for the stock, while $21.92 is the lowest. Despite this, 31 analysts who share their consensus rating for BP in 2021 agree that the stock is an Overweight. The latest rating change took place on 4/16/21, when HSBC Ratings upgraded the stock from “Hold” to “Buy.”