BP - Can BP Q3 results maintain positive earnings surprise?

November, 01 2021 12:43 PM BP p.l.c.

BP (NYSE:BP) is scheduled to announce Q3 earnings results on Tuesday, November 2nd, before market open. The consensus EPS Estimate is $0.92 (+2966.7% Y/Y) and the consensus Revenue Estimate is $32.04B (-27.5% Y/Y). Over the last 2 years, BP has beaten EPS estimates 63% of the time and has beaten revenue estimates 50% of the time. Over the last 3 months, EPS estimates have seen 7 upward revisions and 0 downward. Revenue estimates have seen 1 upward revision and 1 downward. BP's peers TotalEnergies (NYSE:TTE) and Equinor (NYSE:EQNR) have already reported their Q3 results. TotalEnergies beat EPS estimates but missed out on beating revenue expectations. Meanwhile, Equinor sank after Q3 net profit missed expectations. BP's stock rose +6.69% on Aug. 3, the day it reported its Q2 results. The company's revenue rose +71.5% Y/Y to $36.47B. In October, it was reported that the BP's trading team made at least $500M in Q3, as the company

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Can BP Q3 results maintain positive earnings surprise?

Company Name:	BP p.l.c.
Stock Symbol:	BP
Market:	NYSE

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