Stock Analysis
BP (LON:BP.) First Quarter 2024 Results
Key Financial Results
- Revenue: US$49.5b (down 11% from 1Q 2023).
- Net income: US$2.26b (down 73% from 1Q 2023).
- Profit margin: 4.6% (down from 15% in 1Q 2023).
- EPS: US$0.14 (down from US$0.46 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
BP Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 24%.
Looking ahead, revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in the United Kingdom.
Performance of the British Oil and Gas industry.
The company's shares are down 3.2% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with BP, and understanding them should be part of your investment process.
Valuation is complex, but we're helping make it simple.
Find out whether BP is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About LSE:BP.
Excellent balance sheet and fair value.
