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Petrobras (PBR) Advances While Market Declines: Some Information for Investors
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The most recent trading session ended with Petrobras (PBR - Free Report) standing at $14.69, reflecting a +0.41% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily loss of 0.14%. At the same time, the Dow lost 0.77%, and the tech-heavy Nasdaq gained 0.17%.
Prior to today's trading, shares of the oil and gas company had lost 16.78% over the past month. This has lagged the Oils-Energy sector's gain of 4.9% and the S&P 500's gain of 5.34% in that time.
The investment community will be closely monitoring the performance of Petrobras in its forthcoming earnings report. The company is predicted to post an EPS of $0.78, indicating a 29.73% decline compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $24.87 billion, down 7.09% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.38 per share and a revenue of $96.83 billion, indicating changes of -19.14% and -5.45%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Petrobras. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.81% lower. Petrobras currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Petrobras is currently trading at a Forward P/E ratio of 4.33. This indicates a discount in contrast to its industry's Forward P/E of 4.5.
The Oil and Gas - Integrated - Emerging Markets industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 218, positioning it in the bottom 14% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Petrobras (PBR) Advances While Market Declines: Some Information for Investors
The most recent trading session ended with Petrobras (PBR - Free Report) standing at $14.69, reflecting a +0.41% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily loss of 0.14%. At the same time, the Dow lost 0.77%, and the tech-heavy Nasdaq gained 0.17%.
Prior to today's trading, shares of the oil and gas company had lost 16.78% over the past month. This has lagged the Oils-Energy sector's gain of 4.9% and the S&P 500's gain of 5.34% in that time.
The investment community will be closely monitoring the performance of Petrobras in its forthcoming earnings report. The company is predicted to post an EPS of $0.78, indicating a 29.73% decline compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $24.87 billion, down 7.09% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.38 per share and a revenue of $96.83 billion, indicating changes of -19.14% and -5.45%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Petrobras. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.81% lower. Petrobras currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Petrobras is currently trading at a Forward P/E ratio of 4.33. This indicates a discount in contrast to its industry's Forward P/E of 4.5.
The Oil and Gas - Integrated - Emerging Markets industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 218, positioning it in the bottom 14% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.