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Petrobras (PBR) Increases Despite Market Slip: Here's What You Need to Know
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Petrobras (PBR - Free Report) closed the most recent trading day at $12.66, moving +2.93% from the previous trading session. This change outpaced the S&P 500's 0.53% loss on the day. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 1%.
The oil and gas company's stock has climbed by 4.33% in the past month, exceeding the Oils-Energy sector's gain of 1.82% and the S&P 500's gain of 2.06%.
Market participants will be closely following the financial results of Petrobras in its upcoming release. In that report, analysts expect Petrobras to post earnings of $0.52 per share. This would mark year-over-year growth of 6.12%. Meanwhile, our latest consensus estimate is calling for revenue of $22.43 billion, up 7.78% from the prior-year quarter.
PBR's full-year Zacks Consensus Estimates are calling for earnings of $3.22 per share and revenue of $87.42 billion. These results would represent year-over-year changes of +8.05% and 0%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Petrobras. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 7.97% fall in the Zacks Consensus EPS estimate. 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 5.7. For comparison, its industry has an average Forward P/E of 11.62, which means Petrobras is trading at a discount to the group.
It is also worth noting that PBR currently has a PEG ratio of 0.26. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Oil and Gas - Integrated - International industry had an average PEG ratio of 2.12.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 236, which puts it in the bottom 4% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Petrobras (PBR) Increases Despite Market Slip: Here's What You Need to Know
Petrobras (PBR - Free Report) closed the most recent trading day at $12.66, moving +2.93% from the previous trading session. This change outpaced the S&P 500's 0.53% loss on the day. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 1%.
The oil and gas company's stock has climbed by 4.33% in the past month, exceeding the Oils-Energy sector's gain of 1.82% and the S&P 500's gain of 2.06%.
Market participants will be closely following the financial results of Petrobras in its upcoming release. In that report, analysts expect Petrobras to post earnings of $0.52 per share. This would mark year-over-year growth of 6.12%. Meanwhile, our latest consensus estimate is calling for revenue of $22.43 billion, up 7.78% from the prior-year quarter.
PBR's full-year Zacks Consensus Estimates are calling for earnings of $3.22 per share and revenue of $87.42 billion. These results would represent year-over-year changes of +8.05% and 0%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Petrobras. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 7.97% fall in the Zacks Consensus EPS estimate. 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 5.7. For comparison, its industry has an average Forward P/E of 11.62, which means Petrobras is trading at a discount to the group.
It is also worth noting that PBR currently has a PEG ratio of 0.26. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Oil and Gas - Integrated - International industry had an average PEG ratio of 2.12.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 236, which puts it in the bottom 4% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.