What is Erste Group Bank's Estimate for BP FY2026 Earnings?

Key Points

• Erste Group Bank raised BP’s FY2026 EPS forecast to $8.16 from $7.38, above the $8.08 consensus estimate. Its FY2027 estimate also increased to $5.16 from $5.04.
• BP’s latest quarterly results exceeded expectations, with EPS of $2.22 versus the $1.87 consensus and revenue of $69.11 billion, up 106.1% year over year.
• Analyst sentiment remains broadly positive, with BP carrying a “Moderate Buy” consensus rating and a $49.44 average price target, while the company increased its quarterly dividend to $0.5196.

BP p.l.c. (NYSE:BP - Free Report) - Erste Group Bank increased their FY2026 EPS estimates for shares of BP in a report released on Wednesday, October 21st. Erste Group Bank analyst H. Engel now forecasts that the oil and gas exploration company will post earnings per share of $8.16 for the year, up from their previous forecast of $7.38. The consensus estimate for BP's current full-year earnings is $8.08 per share.

BP (NYSE:BP - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The oil and gas exploration company reported $2.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.87 by $0.35. The company had revenue of $69.11 billion for the quarter, compared to analysts' expectations of $57.89 billion. The firm's revenue was up 106.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.90 EPS.

Several other analysts also recently weighed in on the stock. BTIG Research downgraded shares of BP to a "neutral" rating in a report on Thursday, October 1st. HSBC raised BP from a "hold" rating to a "buy" rating and boosted their price target for the stock from $46.00 to $51.30 in a research report on Friday, September 25th. Zacks Research upgraded shares of BP from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, September 8th. Wall Street Zen raised shares of BP from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 18th. Finally, Freedom Capital raised BP from a "strong sell" rating to a "hold" rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $49.44.

BP Price Performance

Shares of BP opened at $48.91 on Wednesday. BP has a 1-year low of $33.22 and a 1-year high of $51.49. The stock has a market cap of $128.13 billion, a PE ratio of 23.86 and a beta of 0.20. The firm has a fifty day moving average price of $45.60 and a 200 day moving average price of $42.66.

Institutional Trading of BP

Large investors have recently modified their holdings of the company. Elwood & Goetz Wealth Advisory Group LLC acquired a new stake in shares of BP during the 3rd quarter valued at about $221,000. Financial Network Wealth Advisors LLC grew its holdings in BP by 100.2% during the 3rd quarter. Financial Network Wealth Advisors LLC now owns 991 shares of the oil and gas exploration company's stock worth $44,000 after acquiring an additional 496 shares during the period. D.A. Davidson & CO. boosted its stake in BP by 14.1% during the 3rd quarter. D.A. Davidson & CO. now owns 110,111 shares of the oil and gas exploration company's stock worth $4,844,000 after acquiring an additional 13,595 shares during the last quarter. VestGen Advisors LLC raised its stake in BP by 2.2% during the 3rd quarter. VestGen Advisors LLC now owns 26,939 shares of the oil and gas exploration company's stock worth $1,185,000 after buying an additional 571 shares during the period. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of BP in the 3rd quarter valued at approximately $135,000. 11.01% of the stock is owned by institutional investors.

BP Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, August 14th were issued a $0.5196 dividend. This is an increase from BP's previous quarterly dividend of $0.4992. This represents a $2.08 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Friday, August 14th. BP's dividend payout ratio is currently 100.00%.

More BP News

Here are the key news stories impacting BP this week:

• Positive Sentiment: Erste Group Bank raised its FY2026 EPS forecast for BP to $8.16 from $7.38, above the $8.08 consensus estimate. The firm also increased its FY2027 forecast to $5.16 from $5.04, signaling improved expectations for profitability. MarketBeat BP earnings estimate report
• Positive Sentiment: Visible Alpha expects third-quarter revenue of approximately $69.36 billion, up 40.8% year over year. Stronger energy prices and refining performance could support another earnings beat when BP reports Friday. BP Earnings Preview: Q3 2026
• Positive Sentiment: BP and Louisiana reached an agreement intended to resolve outstanding Deepwater Horizon-related coastal lawsuits. The settlement may reduce legal uncertainty, although the financial terms and cash-flow impact remain important details for investors. BP and Louisiana resolve Deepwater Horizon lawsuits
• Neutral Sentiment: Although revenue is expected to rise, upstream production is projected at 2.21 million barrels of oil equivalent per day, down 6.5% from a year earlier and largely flat sequentially. Investors will focus on whether pricing and refining margins offset weaker volumes.
• Negative Sentiment: BP reportedly faces potential write-downs of up to $4.5 billion before earnings. The charge could pressure reported results and raise questions about asset values and the balance sheet, despite recent share-price strength. BP potential write-downs ahead of earnings
• Negative Sentiment: Short interest increased 61.8% in October, indicating greater bearish positioning, though short interest remains only 0.3% of shares outstanding and the days-to-cover ratio is low.

BP Company Profile

BP p.l.c. is a global integrated energy company headquartered in London, United Kingdom. Its operations span the exploration, development and production of oil and natural gas, as well as the processing, refining, transportation and marketing of energy products.

Through its businesses, BP supplies fuels for road transportation, aviation and marine use, along with lubricants marketed under the Castrol brand. The company also operates retail fuel and convenience locations and provides energy products and services to commercial and industrial customers.

BP has expanded its activities beyond traditional hydrocarbons to include lower-carbon businesses such as renewable power, bioenergy, electric-vehicle charging and hydrogen.

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