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Petrobras (PBR) Stock Sinks As Market Gains: What You Should Know
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Petrobras (PBR - Free Report) closed at $13.77 in the latest trading session, marking a -1.5% move from the prior day. This change lagged the S&P 500's daily gain of 1.58%. At the same time, the Dow added 1.22%, and the tech-heavy Nasdaq gained 0.46%.
Prior to today's trading, shares of the oil and gas company had gained 10.86% over the past month. This has outpaced the Oils-Energy sector's gain of 3.88% and the S&P 500's loss of 5.54% in that time.
Investors will be hoping for strength from Petrobras as it approaches its next earnings release. In that report, analysts expect Petrobras to post earnings of $0.74 per share. This would mark a year-over-year decline of 9.76%. Our most recent consensus estimate is calling for quarterly revenue of $24.08 billion, up 73.09% from the year-ago period.
Investors might also notice recent changes to analyst estimates for Petrobras. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.39% higher. Petrobras is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Petrobras is currently trading at a Forward P/E ratio of 4.65. Its industry sports an average Forward P/E of 5.69, so we one might conclude that Petrobras is trading at a discount comparatively.
Investors should also note that PBR has a PEG ratio of 0.2 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. PBR's industry had an average PEG ratio of 0.19 as of yesterday's close.
The Oil and Gas - Integrated - Emerging Markets industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 95, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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Petrobras (PBR) Stock Sinks As Market Gains: What You Should Know
Petrobras (PBR - Free Report) closed at $13.77 in the latest trading session, marking a -1.5% move from the prior day. This change lagged the S&P 500's daily gain of 1.58%. At the same time, the Dow added 1.22%, and the tech-heavy Nasdaq gained 0.46%.
Prior to today's trading, shares of the oil and gas company had gained 10.86% over the past month. This has outpaced the Oils-Energy sector's gain of 3.88% and the S&P 500's loss of 5.54% in that time.
Investors will be hoping for strength from Petrobras as it approaches its next earnings release. In that report, analysts expect Petrobras to post earnings of $0.74 per share. This would mark a year-over-year decline of 9.76%. Our most recent consensus estimate is calling for quarterly revenue of $24.08 billion, up 73.09% from the year-ago period.
Investors might also notice recent changes to analyst estimates for Petrobras. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.39% higher. Petrobras is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Petrobras is currently trading at a Forward P/E ratio of 4.65. Its industry sports an average Forward P/E of 5.69, so we one might conclude that Petrobras is trading at a discount comparatively.
Investors should also note that PBR has a PEG ratio of 0.2 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. PBR's industry had an average PEG ratio of 0.19 as of yesterday's close.
The Oil and Gas - Integrated - Emerging Markets industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 95, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.