BP (BP.L) Shares Dip 1.07%: What Are The Financial Prospects For The Company?

Yesterday, BP shares fell by 1.07% and were trading at 305.95 GBP. In general, the indicators for this month have increased significantly. By the end of last month, the share price fell to 287.00 GBP. on September 1, the shares rose to 299.70 GBP. Two weeks later, the share price jumped to 312.90 GBP and reached its maximum. The company is expected to report a profit on earnings of $ 0.87, which is 2,800% more than in the previous quarter. According to our latest consensus estimate, quarterly revenue will be $ 38.54 billion, which is 12.82% less than a year ago.

According to analysts ‘ forecasts, for the full year, they expect a profit of $ 3.27 per share and revenue of $ 153.01 billion. These results will reflect year-on-year changes of +293.49% and -16.62%, respectively. Investors should keep an eye on any changes in analysts ‘ estimates for BP. These changes will show the changing nature of short-term business trends. Positive changes in the estimates show analysts ‘ optimism about the company’s business and profitability.

Lora Nilsson

Finance and Business reporterAfter graduating high school. Lora decided to travel and blog as a part-timer. Today she enjoys what she loves and works remotely as our finance and business reporter