BP: Here’s What Investors Need to Know Before Earnings
BP (NYSE:BP) will report earnings before markets open on Tuesday, April 30th. BP plc is an oil and petrochemicals company. The Company explores for and produces oil and natural gas, refines, markets, and supplies petroleum products, generates solar energy, and manufactures and markets chemicals. BP’s chemicals include terephthalic acid, acetic acid, acrylonitrile, ethylene and polyethylene.
Here is your Cheat Sheet to Bp Earnings:
Earnings Expectations: Analysts expect earnings of $1.01 per share on revenues of $68.54 billion. Currently, the company’s P/E ratio stands at 11.48.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.36 to a profit $1.22. For the current year, the average estimate is a profit of $4.77, which is worse than the estimate ninety days ago.
Here’s how Bp has been performing on an annual basis:
|Revenue ($) in millions||367,050||243,960||308,930||386,460||388,280|
|Diluted EPS ($)||6.694||5.252||-1.189||8.057||3.627|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||96,340||96,700||94,890||93,120||103,570|
|Diluted EPS ($)||2.403||1.844||-0.4374||1.703||0.5053|
Bp has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)