Insights into BP's Upcoming Earnings

BP BP is preparing to release its quarterly earnings on Tuesday, 2024-10-29. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect BP to report an earnings per share (EPS) of $0.89.

BP bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

In the previous earnings release, the company beat EPS by $0.08, leading to a 1.67% increase in the share price the following trading session.

Here's a look at BP's past performance and the resulting price change:

Stock Performance

Shares of BP were trading at $31.52 as of October 25. Over the last 52-week period, shares are down 15.72%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

To track all earnings releases for BP visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.