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Petrobras (PBR) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Petrobras (PBR - Free Report) closed at $13.50, marking a -0.22% move from the previous day. This change lagged the S&P 500's daily gain of 0.39%.
Heading into today, shares of the oil and gas company had lost 2.66% over the past month, lagging the Oils-Energy sector's gain of 0.76% and the S&P 500's gain of 3.16% 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 $0.76 per share. This would mark a year-over-year decline of 45.32%. Meanwhile, our latest consensus estimate is calling for revenue of $25.27 billion, down 27.19% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.26 per share and revenue of $102.76 billion, which would represent changes of -38.37% and -17.45%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Petrobras. 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.
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 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 remained stagnant. Petrobras is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Petrobras currently has a Forward P/E ratio of 4.15. For comparison, its industry has an average Forward P/E of 4.21, which means Petrobras is trading at a discount to the group.
The Oil and Gas - Integrated - Emerging Markets industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 6, which puts it in the top 3% 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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Petrobras (PBR) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Petrobras (PBR - Free Report) closed at $13.50, marking a -0.22% move from the previous day. This change lagged the S&P 500's daily gain of 0.39%.
Heading into today, shares of the oil and gas company had lost 2.66% over the past month, lagging the Oils-Energy sector's gain of 0.76% and the S&P 500's gain of 3.16% 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 $0.76 per share. This would mark a year-over-year decline of 45.32%. Meanwhile, our latest consensus estimate is calling for revenue of $25.27 billion, down 27.19% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.26 per share and revenue of $102.76 billion, which would represent changes of -38.37% and -17.45%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Petrobras. 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.
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 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 remained stagnant. Petrobras is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Petrobras currently has a Forward P/E ratio of 4.15. For comparison, its industry has an average Forward P/E of 4.21, which means Petrobras is trading at a discount to the group.
The Oil and Gas - Integrated - Emerging Markets industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 6, which puts it in the top 3% 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.