ConocoPhillips closed down 0.23%, with earnings and revenue expected to decline YoY

From Nasdaq: 2024-12-26 18:15:21

ConocoPhillips (COP) closed at $96.89, down 0.23% from the previous session, underperforming the S&P 500. Shares fell 9.57% in the last month, trailing the Oils-Energy sector and S&P 500. Earnings of $1.89 per share are expected, a 21.25% decline YoY, with revenue estimated at $14.64 billion, a 4.36% drop.

Analyst estimates for ConocoPhillips have seen positive revisions, indicating confidence in future performance. The Zacks Rank system shows that estimate changes impact stock price performance, with a current Zacks Rank of #3 (Hold) for COP. The stock’s Forward P/E ratio is 12.47, below the industry average of 16.77.

Trillions in Federal funds are allocated for infrastructure improvements, benefiting sectors like AI data centers. Discover 5 stocks set to profit from this spending surge. The Oil and Gas – Integrated – United States industry, where ConocoPhillips operates, has an average PEG ratio of 2.71. Stay updated with Zacks.com for COP’s performance in upcoming trading sessions.



Read more at Nasdaq: ConocoPhillips (COP) Sees a More Significant Dip Than Broader Market: Some Facts to Know