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Petrobras (PBR) Outpaces Stock Market Gains: What You Should Know
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Petrobras (PBR - Free Report) closed the most recent trading day at $12.29, moving +1.49% from the previous trading session. This change outpaced the S&P 500's 0.09% gain on the day. Meanwhile, the Dow lost 0.03%, and the Nasdaq, a tech-heavy index, lost 2.51%.
Coming into today, shares of the oil and gas company had gained 23.95% in the past month. In that same time, the Oils-Energy sector gained 12.14%, while the S&P 500 gained 6.17%.
Petrobras will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.79, down 38.76% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $27.69 billion, up 1.83% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.23 per share and revenue of $108.86 billion. These totals would mark changes of -38.94% and -12.55%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Petrobras. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Within the past 30 days, our consensus EPS projection has moved 14.94% lower. Petrobras currently has a Zacks Rank of #5 (Strong Sell).
Looking at its valuation, Petrobras is holding a Forward P/E ratio of 3.75. Its industry sports an average Forward P/E of 4.45, so we one might conclude that Petrobras is trading at a discount comparatively.
Meanwhile, PBR's PEG ratio is currently 2. 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. Oil and Gas - Integrated - Emerging Markets stocks are, on average, holding a PEG ratio of 2 based on yesterday's closing prices.
The Oil and Gas - Integrated - Emerging Markets industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 246, which puts it in the bottom 3% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Petrobras (PBR) Outpaces Stock Market Gains: What You Should Know
Petrobras (PBR - Free Report) closed the most recent trading day at $12.29, moving +1.49% from the previous trading session. This change outpaced the S&P 500's 0.09% gain on the day. Meanwhile, the Dow lost 0.03%, and the Nasdaq, a tech-heavy index, lost 2.51%.
Coming into today, shares of the oil and gas company had gained 23.95% in the past month. In that same time, the Oils-Energy sector gained 12.14%, while the S&P 500 gained 6.17%.
Petrobras will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.79, down 38.76% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $27.69 billion, up 1.83% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.23 per share and revenue of $108.86 billion. These totals would mark changes of -38.94% and -12.55%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Petrobras. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Within the past 30 days, our consensus EPS projection has moved 14.94% lower. Petrobras currently has a Zacks Rank of #5 (Strong Sell).
Looking at its valuation, Petrobras is holding a Forward P/E ratio of 3.75. Its industry sports an average Forward P/E of 4.45, so we one might conclude that Petrobras is trading at a discount comparatively.
Meanwhile, PBR's PEG ratio is currently 2. 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. Oil and Gas - Integrated - Emerging Markets stocks are, on average, holding a PEG ratio of 2 based on yesterday's closing prices.
The Oil and Gas - Integrated - Emerging Markets industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 246, which puts it in the bottom 3% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.