Monday, November 1, 2010

BP's (NYSE:BP) Earnings Should Mirror Last Year

Earnings for the quarter by BP (NYSE:BP), expected to be released November 2, on average look to come in at close to where they did last year, when they were $1.50 a share.

Analysts have a $0.15 spread on the earnings, coming in as low as $1.44 share to as high as $1.59 a share. If it meets somewhere in the middle, it'll be very close to last year's performance. Not bad considering the challenges they face.

Consensus this quarter is at $1.51 a share on revenue of $72.46 billion.

Shareholders have been pressing new CEO Bob Dudley and the board of directors to reinstate the dividend.

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