The most recent trading session ended with ConocoPhillips (COP) standing at $86.45, reflecting a +0.07% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 0.79%. Elsewhere, the Dow saw an upswing of 0.78%, while the tech-heavy Nasdaq appreciated by 0.64%.

Shares of the energy company witnessed a loss of 12.69% over the previous month, trailing the performance of the Oils-Energy sector with its loss of 8.15% and the S&P 500's loss of 3.56%.

Market participants will be closely following the financial results of ConocoPhillips in its upcoming release. The company plans to announce its earnings on May 8, 2025. It is anticipated that the company will report an EPS of $2.03, marking stability compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $16.23 billion, indicating a 12.1% growth compared to the corresponding quarter of the prior year.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $7.87 per share and revenue of $64.27 billion. These totals would mark changes of +1.03% and +12.85%, respectively, from last year.

Investors might also notice recent changes to analyst estimates for ConocoPhillips. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 2.84% fall in the Zacks Consensus EPS estimate. ConocoPhillips is currently sporting a Zacks Rank of #3 (Hold).

Digging into valuation, ConocoPhillips currently has a Forward P/E ratio of 10.97. This signifies a discount in comparison to the average Forward P/E of 12.24 for its industry.

One should further note that COP currently holds a PEG ratio of 1.84. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Oil and Gas - Integrated - United States stocks are, on average, holding a PEG ratio of 1.5 based on yesterday's closing prices.

The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 149, finds itself in the bottom 40% echelons of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.

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ConocoPhillips (COP) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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