ConocoPhillips (COP) Outperforms Broader Market: What You Need to Know

ConocoPhillips (COP) ended the recent trading session at $98.35, demonstrating a +1.52% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.03%. Meanwhile, the Dow lost 0.58%, and the Nasdaq, a tech-heavy index, added 0.28%. Prior to today's trading, shares of the energy company had gained 5.53% lagged the Oils-Energy sector's gain of 6.65% and outpaced the S&P 500's gain of 0.6%.Market participants will be closely following the financial results of ConocoPhillips in its upcoming release. The company plans to announce its earnings on February 5, 2026. It is anticipated that the company will report an EPS of $1.11, marking a 43.94% fall compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $14.14 billion, indicating a 4.02% downward movement from the same quarter last year. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.25 per share and a revenue of $61.22 billion, representing changes of -19.77% and 0%, respectively, from the prior 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. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook. Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 8.95% fall in the Zacks Consensus EPS estimate. As of now, ConocoPhillips holds a Zacks Rank of #4 (Sell). In the context of valuation, ConocoPhillips is at present trading with a Forward P/E ratio of 19.79. For comparison, its industry has an average Forward P/E of 18.62, which means ConocoPhillips is trading at a premium to the group. It's also important to note that COP currently trades at a PEG ratio of 2.86. 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. The Oil and Gas - Integrated - United States was holding an average PEG ratio of 2.5 at yesterday's closing price. The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 217, putting it in the bottom 12% 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. Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ConocoPhillips (COP): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks