ConocoPhillips (COP) closed at $87.55 in the latest trading session, marking a -1.61% move from the prior day. The stock's change was more than the S&P 500's daily loss of 2.36%. Meanwhile, the Dow lost 2.48%, and the Nasdaq, a tech-heavy index, lost 2.55%.
Heading into today, shares of the energy company had lost 12.7% over the past month, lagging the Oils-Energy sector's loss of 9.26% and the S&P 500's loss of 5.6% in that time.
The investment community will be closely monitoring the performance of ConocoPhillips in its forthcoming earnings report. The company is scheduled to release its earnings on May 8, 2025. The company is expected to report EPS of $2.03, unchanged from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $16.2 billion, up 11.91% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $7.27 per share and a revenue of $63.52 billion, demonstrating changes of -6.68% and +11.53%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for ConocoPhillips. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 10.54% downward. ConocoPhillips presently features a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that ConocoPhillips has a Forward P/E ratio of 12.24 right now. This valuation marks a discount compared to its industry's average Forward P/E of 13.69.
It's also important to note that COP currently trades at a PEG ratio of 2.06. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Oil and Gas - Integrated - United States industry had an average PEG ratio of 1.64.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 76, this industry ranks in the top 31% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow COP in the coming trading sessions, be sure to utilize Zacks.com.
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
ConocoPhillips (COP): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
