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BRF (BRFS) Stock Sinks As Market Gains: Here's Why
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BRF (BRFS - Free Report) closed at $3.81 in the latest trading session, marking a -2.81% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.07% for the day. Meanwhile, the Dow lost 0.7%, and the Nasdaq, a tech-heavy index, added 0.18%.
Coming into today, shares of the chicken, beef and pork producer had gained 10.11% in the past month. In that same time, the Consumer Staples sector lost 0.29%, while the S&P 500 gained 5.71%.
Investors will be eagerly watching for the performance of BRF in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.11, signifying steadiness compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.39 per share and a revenue of $12.15 billion, representing changes of +8.33% and +11.05%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for BRF. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. BRF currently has a Zacks Rank of #3 (Hold).
In the context of valuation, BRF is at present trading with a Forward P/E ratio of 10.05. For comparison, its industry has an average Forward P/E of 16.84, which means BRF is trading at a discount to the group.
Meanwhile, BRFS's PEG ratio is currently 0.25. 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. The average PEG ratio for the Food - Miscellaneous industry stood at 1.7 at the close of the market yesterday.
The Food - Miscellaneous industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 168, this industry ranks in the bottom 32% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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BRF (BRFS) Stock Sinks As Market Gains: Here's Why
BRF (BRFS - Free Report) closed at $3.81 in the latest trading session, marking a -2.81% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.07% for the day. Meanwhile, the Dow lost 0.7%, and the Nasdaq, a tech-heavy index, added 0.18%.
Coming into today, shares of the chicken, beef and pork producer had gained 10.11% in the past month. In that same time, the Consumer Staples sector lost 0.29%, while the S&P 500 gained 5.71%.
Investors will be eagerly watching for the performance of BRF in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.11, signifying steadiness compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.39 per share and a revenue of $12.15 billion, representing changes of +8.33% and +11.05%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for BRF. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. BRF currently has a Zacks Rank of #3 (Hold).
In the context of valuation, BRF is at present trading with a Forward P/E ratio of 10.05. For comparison, its industry has an average Forward P/E of 16.84, which means BRF is trading at a discount to the group.
Meanwhile, BRFS's PEG ratio is currently 0.25. 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. The average PEG ratio for the Food - Miscellaneous industry stood at 1.7 at the close of the market yesterday.
The Food - Miscellaneous industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 168, this industry ranks in the bottom 32% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.