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Petrobras (PBR) Outperforms Broader Market: What You Need to Know
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In the latest close session, Petrobras (PBR - Free Report) was up +2.5% at $19.27. The stock's performance was ahead of the S&P 500's daily gain of 1.15%. Meanwhile, the Dow experienced a rise of 1.38%, and the technology-dominated Nasdaq saw an increase of 1.38%.
Coming into today, shares of the oil and gas company had gained 19.06% in the past month. In that same time, the Oils-Energy sector gained 8.53%, while the S&P 500 lost 5.69%.
The upcoming earnings release of Petrobras will be of great interest to investors. The company is forecasted to report an EPS of $0.88, showcasing a 41.94% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $22.18 billion, indicating a 5.27% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.97 per share and a revenue of $91.22 billion, indicating changes of +6.07% and +2.27%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Petrobras. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Within the past 30 days, our consensus EPS projection has moved 32.11% higher. At present, Petrobras boasts a Zacks Rank of #3 (Hold).
From a valuation perspective, Petrobras is currently exchanging hands at a Forward P/E ratio of 6.32. This valuation marks a discount compared to its industry average Forward P/E of 12.12.
We can additionally observe that PBR currently boasts a PEG ratio of 0.19. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Oil and Gas - Integrated - International industry was having an average PEG ratio of 1.16.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 48, which puts it in the top 20% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. 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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Petrobras (PBR) Outperforms Broader Market: What You Need to Know
In the latest close session, Petrobras (PBR - Free Report) was up +2.5% at $19.27. The stock's performance was ahead of the S&P 500's daily gain of 1.15%. Meanwhile, the Dow experienced a rise of 1.38%, and the technology-dominated Nasdaq saw an increase of 1.38%.
Coming into today, shares of the oil and gas company had gained 19.06% in the past month. In that same time, the Oils-Energy sector gained 8.53%, while the S&P 500 lost 5.69%.
The upcoming earnings release of Petrobras will be of great interest to investors. The company is forecasted to report an EPS of $0.88, showcasing a 41.94% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $22.18 billion, indicating a 5.27% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.97 per share and a revenue of $91.22 billion, indicating changes of +6.07% and +2.27%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Petrobras. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Within the past 30 days, our consensus EPS projection has moved 32.11% higher. At present, Petrobras boasts a Zacks Rank of #3 (Hold).
From a valuation perspective, Petrobras is currently exchanging hands at a Forward P/E ratio of 6.32. This valuation marks a discount compared to its industry average Forward P/E of 12.12.
We can additionally observe that PBR currently boasts a PEG ratio of 0.19. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Oil and Gas - Integrated - International industry was having an average PEG ratio of 1.16.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 48, which puts it in the top 20% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. 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.