BP Pops: What Preliminary Financial Results You Should Be Aware Of?

BP stock has been increasing from $25.93 on September 23 to $30.21 on October 20 which demonstrated the growth of more than 12.54%. It is expected that the company will release good financial results, which will be announced on November 2, 2021. The predicted earning is about $0.93 for every share which will demonstrate the 3000% of the year-over-year rise. However, the revenue will be about $39.23 billion, which is lower by 11.24% than in the previous year. For the full year, it is awaited that the earnings will be $3.62 per share which will be higher by 314.2% while the preliminary revenue is $155.15 billion, which is lower by 11.24% from the last year. The forward P/E ratio of the company is equal to 8.13 and the average of the industry is 8.61. Additionally, the PEG ratio is 0.51. The market capitalization is $98.307 billion.

Agneta Johansen

Agneta is still enjoying her trips to Asia and Africa while she works at Own Snap as an author and reporter. Very soon she will settle somewhere in Europe and run her startup enterprise.