The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict BP's revenues will decrease -26.0% and EPS will compress -17.4%.
The average estimate for revenue is $70.58 billion. On the bottom line, the average EPS estimate is $1.33.
Last quarter, BP tallied revenue of $93.34 billion. GAAP reported sales were 7.9% lower than the prior-year quarter's $101.36 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $1.16. GAAP EPS were -$0.07 for Q2 against $0.30 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 8.7%, 560 basis points worse than the prior-year quarter. Operating margin was 1.8%, 600 basis points worse than the prior-year quarter. Net margin was -1.5%, 710 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $352.33 billion. The average EPS estimate is $5.42.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 4,915 members out of 5,237 rating the stock outperform, and 322 members rating it underperform. Among 1,102 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,052 give BP a green thumbs-up, and 50 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on BP is outperform, with an average price target of $49.82.
Are you missing a major story in the energy space? Read about "One Stock to Own Before Nat Gas Act 2011 Becomes Law." Click here for instant access to this free report.
- Add BP to My Watchlist.
Seth Jayson owned shares of the following at the time of publication: BP. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.