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.

Analyst Trends:

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.

Earnings Trends:

Here’s how Bp has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
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

Past Performance:
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)