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Petrobras (PBR) Stock Moves -1.47%: What You Should Know

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In the latest trading session, Petrobras (PBR - Free Report) closed at $14.72, marking a -1.47% move from the previous day. This change was narrower than the S&P 500's 1.97% loss on the day. At the same time, the Dow lost 2.32%, and the tech-heavy Nasdaq lost 2.78%.

Coming into today, shares of the oil and gas company had gained 0.54% in the past month. In that same time, the Oils-Energy sector lost 10.26%, while the S&P 500 lost 3.33%.

Wall Street will be looking for positivity from PBR as it approaches its next earnings report date. This is expected to be March 21, 2019. The company is expected to report EPS of $0.59, up 195% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $26.09 billion, up 10.72% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $1.51 per share and revenue of $96.96 billion, which would represent changes of +115.71% and +9.15%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for PBR. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. The Zacks Consensus EPS estimate has moved 10.81% lower within the past month. PBR currently has a Zacks Rank of #3 (Hold).

In terms of valuation, PBR is currently trading at a Forward P/E ratio of 9.87. Its industry sports an average Forward P/E of 9.43, so we one might conclude that PBR is trading at a premium comparatively.

The Oil and Gas - Integrated - Emerging Markets industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 22, which puts it in the top 9% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within 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 follow all of these stock-moving metrics, and many more, on Zacks.com.


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