BP Expected Q3 Earnings Report: Wall Street Expectations and Analysis

BP (NYS: BP) is gearing up to report its Q3 earnings on Oct. 30, and Wall Street is eagerly anticipating the results. Analysts are predicting a decrease in revenues of -26.0% and a compression in earnings per share of -17.4% compared to the prior-year quarter.

The average estimate for revenue is $70.58 billion, with an average EPS estimate of $1.33. In the last quarter, BP reported revenue of $93.34 billion, which was 7.9% lower than the previous year’s $101.36 billion.

On the earnings front, non-GAAP EPS for the last quarter came in at $1.16, while GAAP EPS were -$0.07 for Q2, compared to $0.30 per share in the prior-year quarter.

Looking ahead, the full-year average estimate for revenue is $352.33 billion, with an average EPS estimate of $5.42. Investor sentiment towards BP remains positive, with a four-star rating on Motley Fool CAPS and an average price target of $49.82.

As the energy sector continues to evolve, BP’s upcoming earnings report will provide valuable insights into the company’s performance and future outlook. Stay tuned for the latest updates on BP’s financial results and market reactions.