We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Petrobras (PBR) Stock Dips While Market Gains: Key Facts
Read MoreHide Full Article
Petrobras (PBR - Free Report) closed at $12.70 in the latest trading session, marking a -2.83% move from the prior day. This change lagged the S&P 500's 0.96% gain on the day. Elsewhere, the Dow saw an upswing of 0.89%, while the tech-heavy Nasdaq appreciated by 0.94%.
Prior to today's trading, shares of the oil and gas company had gained 10.39% outpaced the Oils-Energy sector's gain of 6.67% and the S&P 500's gain of 0.5%.
Investors will be eagerly watching for the performance of Petrobras in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.65, signifying a 38.30% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $20.36 billion, indicating a 13.24% decline compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.79 per share and a revenue of $83.32 billion, indicating changes of -6.38% and -8.86%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Petrobras. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.27% higher. Petrobras is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Petrobras is presently being traded at a Forward P/E ratio of 4.69. This indicates a discount in contrast to its industry's Forward P/E of 11.11.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 202, positioning it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Petrobras (PBR) Stock Dips While Market Gains: Key Facts
Petrobras (PBR - Free Report) closed at $12.70 in the latest trading session, marking a -2.83% move from the prior day. This change lagged the S&P 500's 0.96% gain on the day. Elsewhere, the Dow saw an upswing of 0.89%, while the tech-heavy Nasdaq appreciated by 0.94%.
Prior to today's trading, shares of the oil and gas company had gained 10.39% outpaced the Oils-Energy sector's gain of 6.67% and the S&P 500's gain of 0.5%.
Investors will be eagerly watching for the performance of Petrobras in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.65, signifying a 38.30% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $20.36 billion, indicating a 13.24% decline compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.79 per share and a revenue of $83.32 billion, indicating changes of -6.38% and -8.86%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for Petrobras. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.27% higher. Petrobras is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Petrobras is presently being traded at a Forward P/E ratio of 4.69. This indicates a discount in contrast to its industry's Forward P/E of 11.11.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 202, positioning it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.