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 Moves -1.11%: What You Should Know
Read MoreHide Full Article
Petrobras (PBR - Free Report) closed at $11.56 in the latest trading session, marking a -1.11% move from the prior day. At the same time, the Dow added 0.47%, and the tech-heavy Nasdaq lost 0.16%.
The oil and gas company's stock has dropped by 8.1% in the past month, falling short of the Oils-Energy sector's loss of 0.82% and the S&P 500's gain of 1.16%.
The investment community will be closely monitoring the performance of Petrobras in its forthcoming earnings report. On that day, Petrobras is projected to report earnings of $0.61 per share, which would represent a year-over-year decline of 34.41%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $21.73 billion, down 7.01% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.89 per share and revenue of $86.03 billion, indicating changes of -3.02% and -5.9%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Petrobras. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.25% higher. Petrobras currently has a Zacks Rank of #3 (Hold).
With respect to valuation, Petrobras is currently being traded at a Forward P/E ratio of 4.04. Its industry sports an average Forward P/E of 10.56, so one might conclude that Petrobras is trading at a discount comparatively.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 205, which puts 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Petrobras (PBR) Stock Moves -1.11%: What You Should Know
Petrobras (PBR - Free Report) closed at $11.56 in the latest trading session, marking a -1.11% move from the prior day. At the same time, the Dow added 0.47%, and the tech-heavy Nasdaq lost 0.16%.
The oil and gas company's stock has dropped by 8.1% in the past month, falling short of the Oils-Energy sector's loss of 0.82% and the S&P 500's gain of 1.16%.
The investment community will be closely monitoring the performance of Petrobras in its forthcoming earnings report. On that day, Petrobras is projected to report earnings of $0.61 per share, which would represent a year-over-year decline of 34.41%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $21.73 billion, down 7.01% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.89 per share and revenue of $86.03 billion, indicating changes of -3.02% and -5.9%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Petrobras. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.25% higher. Petrobras currently has a Zacks Rank of #3 (Hold).
With respect to valuation, Petrobras is currently being traded at a Forward P/E ratio of 4.04. Its industry sports an average Forward P/E of 10.56, so one might conclude that Petrobras is trading at a discount comparatively.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 205, which puts 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.