We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
PBF Energy (PBF) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
In the latest trading session, PBF Energy (PBF - Free Report) closed at $40.01, marking a -1.04% move from the previous day. This move lagged the S&P 500's daily gain of 0.37%. Meanwhile, the Dow lost 0.01%, and the Nasdaq, a tech-heavy index, lost 1.26%.
Coming into today, shares of the refiner had gained 4.31% in the past month. In that same time, the Oils-Energy sector gained 2.19%, while the S&P 500 gained 4.31%.
PBF Energy will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.50, down 76.37% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $9.79 billion, down 30.46% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $8.91 per share and revenue of $40.1 billion. These totals would mark changes of -61.86% and -14.37%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for PBF Energy. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 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, the Zacks Consensus EPS estimate has moved 0.68% higher. PBF Energy currently has a Zacks Rank of #3 (Hold).
Investors should also note PBF Energy's current valuation metrics, including its Forward P/E ratio of 4.54. For comparison, its industry has an average Forward P/E of 6.59, which means PBF Energy is trading at a discount to the group.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 182, putting it in the bottom 28% 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.
To follow PBF in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
PBF Energy (PBF) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, PBF Energy (PBF - Free Report) closed at $40.01, marking a -1.04% move from the previous day. This move lagged the S&P 500's daily gain of 0.37%. Meanwhile, the Dow lost 0.01%, and the Nasdaq, a tech-heavy index, lost 1.26%.
Coming into today, shares of the refiner had gained 4.31% in the past month. In that same time, the Oils-Energy sector gained 2.19%, while the S&P 500 gained 4.31%.
PBF Energy will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.50, down 76.37% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $9.79 billion, down 30.46% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $8.91 per share and revenue of $40.1 billion. These totals would mark changes of -61.86% and -14.37%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for PBF Energy. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 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, the Zacks Consensus EPS estimate has moved 0.68% higher. PBF Energy currently has a Zacks Rank of #3 (Hold).
Investors should also note PBF Energy's current valuation metrics, including its Forward P/E ratio of 4.54. For comparison, its industry has an average Forward P/E of 6.59, which means PBF Energy is trading at a discount to the group.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 182, putting it in the bottom 28% 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.
To follow PBF in the coming trading sessions, be sure to utilize Zacks.com.